Ethereum has set a new all-time high at $ 1440

Following Bitcoin, Ethereum (ETH) also broke its previous price record, confirming the increased attention of investors to the crypto market..

During yesterday’s jump, the ether rate briefly reached $ 1440, setting a new all-time high. However, the subsequent correction prevented the bulls from climbing higher and at the time of publication, ETH is trading in the area of ​​$ 1,360 with a daily gain of 2.64%.  The previous all-time high of $ 1,432 was recorded on January 13, 2018..

The prerequisites for an upcoming rise to previously unseen heights began to appear in early January, but then a short-term market correction prevented the airwaves, due to a rollback of the bitcoin price from $ 40 thousand to $ 30 thousand.In recent weeks, the rapid depletion of its reserves also contributed to the growth of ETH in the repositories of centralized exchanges. Investors are also preparing for the platform’s transition to the PoS algorithm and the full integration of the Ethereum 2.0 protocol..

Ethereum has set a new all-time high at $ 1440

Although Ethereum has set a new all-time high almost two months after BTC broke the December 2017 price record, it is significantly ahead of the leading cryptocurrency in terms of relative gain. Since the beginning of 2021, the price of ETH has risen by 90%, while Bitcoin has added 27% in the same time..

Analysts also note that since the initial public sale of Ether, its rate has increased by more than 1000%..

text: Ivan Malichenko, photo: Shutterstock

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