Ethereum Hits 2-Year High, ETH Fees at All-Time High, Bitcoin Dominance Slips
Ethereum (ETH), the 2nd largest cryptoasset by market capitalization, rallied in the last hours of Thursday, reaching a level last seen in August 2018, while transaction fees reached a new all-time high.
At pixel time (03:53 UTC), ETH trades at USD 421 and is up by 7% in a day and 6% in a week, increasing its monthly gains to 74%.
ETH price chart:
At the same time, the most popular cryptocurrency, bitcoin (BTC), is up by 1.5% in a day, reaching USD 11,753. Its price is down by almost 1% in a week but is still up by 26% in a month. Also, BTC dominance, or percentage of the total market capitalization, slipped further today, reaching 58.2%, or the level last seen in June 2019.
Meanwhile, the median ETH transaction fee hit a new all-time high yesterday, going parabolic and reaching USD 3.35, according to bitinfocharts.com data. The previous all-time high was reached in January 2018, when it briefly touched USD 3.14.
Also, Google data shows that interest in both BTC and ETH spiked yesterday.