It has been a wild ride, but Ethereum’s price has finally reclaimed its former all-time high.
The move came following a recent correction, which saw ETH’s price drop to slightly above $4,000. The cryptocurrency saw a massive bounce in the past 24 hours following the speech of US Federal Reserve Chairman Jerome Powell at Jackson Hole earlier on Friday.
The cryptocurrency hit an all-time high of $4880 on Bitstamp, surpassing its previous high of $4869 achieved in November 2021.
ETH is currently trading at slightly below $4,900, marking a respectable 10% increase over the past seven days. It has been one of the best-performing altcoins recently and has increased by more than 35% in the past month alone.
As CryptoPotato reported earlier this month, the recent rally comes on the back of notable institutional investments in the largest altcoin. Just a few weeks ago, spot ETH-based exchange-traded funds marked a record inflow of over $1 billion, with BlackRock’s ETHA fund accumulating
We współpracy z: https://cryptopotato.com/ethereums-price-explodes-to-a-new-all-time-high/
