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Ethereum Begins Discovering Its New All-Time Highs Against USD

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Today, the second largest cryptosset by market capitalization, ethereum (ETH), surpassed its previous all-time high, set in January, as it inches closer to the USD 1,500 level.

Source: Adobe/AA+W

At pixel time (17:07 UTC), ETH trades at almost USD 1,488 and is up by 14% in a day and 12% in a week. The price almost doubled in a month and rallied by more than 710% in a year.

ETH price chart:

Source: coingecko.com

ETH is the second-best performing major cryptoasset today. Cardano (ADA), the 6th largest cryptoasset by market capitalization, leads the game on Tuesday as it jumped by 23% to USD 0.434.

At the same time, bitcoin (BTC) trades at USD 34,876 and is up by 4% in a day and 8% in a week.

As reported, major crypto asset management firm Grayscale reopened its Grayscale Ethereum Trust as it resumed the private placement of its shares. However, yesterday, almost ETH 602 left the trust, per bybt.com data.

Learn more:
Ethereum In ATH Territory Against USD, But Far from ATH Against Bitcoin
Ethereum Needs To Clean Its Value Proposition – Coinbase
Ethereum Rally Fuelled by DeFi, Can Bitcoin Get Some of This Fuel Too?
Bitcoin vs. Ethereum Fight Escalates amid Fresh Capital Entering the Space
Bitcoin Snowball Is Expected To Hit More Institutions in 2021
Ethereans Write Rebuttals, While Still Closed Grayscale Ethereum Trust Shrinks
Ethereum’s Upgrade Runs Into an Obstacle as Some Miners Try To Stop It