A little over one week since Bitcoin’s ATH, Ethereum bulls follow through because the cryptocurrency units a new report 171 days after the previous one.
Just 9 days after the crypto community celebrated a new Bitcoin ATH, as we speak, it’s Ethereum’s turn – traders and investors rejoice as ETH broke above its former all-time high of $4,380 (on Bitstamp).
Ethereum bulls celebrate today because the cryptocurrency marked a major milestone breaking above the former all-time high of $4,380. As of writing these lines, ETH new high sets at $4,400.
It took ETH exactly 171 days from May 12th, 2021, to accomplish this.
It comes on the back of a wider enhance of around 7.5% previously 24 hours and over 50% over the last month, based on CoinGecko.
ETH’s total market cap has surged above half a billion as it presently sits at around $511 billion.
This additionally occurs just a few days after the total value locked in various DeFi protocols surpassed $100 billion for the first time.
It’s fascinating to see the place the price of ETH will head from here, as many analysts consider that there’s a substantial altcoin season coming following Bitcoin’s recent rally.
Source: Cryptopotato
