Ethereum Breaks Through $400, Reaches All-Time High

Following a rapid increase this Thursday, Ethereum has broken through a psychologically important threshold of $400, establishing a new all-time high – it hovers around $420 at press time.

Despite some market stagnation caused by the news of the $280 mln Parity wallet hack in early November, the second-most-popular cryptocurrency looks stronger than ever.

This most recent move comes after a similarly positive dynamic on Bitcoin, which has seen it stabilize firmly above $8,000 – it is generally accepted that most cryptocurrencies often follow the direction of BTC price.

Ethereum has also had positive news of its own, like the announcement of the first-ever regulated bond based on the coin.

The last time the price has reached a similar height was in June 2017, when Ethereum hit the previous all-time high of about $407.

Curiously, the renewal of the $400 mark was predicted this August by Ronnie Moas, an analyst famous for his often correct forecasts of cryptocurrency prices.

Source link


Please enter your comment!
Please enter your name here