By Sabina Muradova
On Jan 19, 2021
The second popular cryptocurrency Ethereum (ETH), continued its accelerating growth, which it started recently and finally managed to climb above $ 1,400 today. As a result, the long-awaited Ethereum ATH is finally achieved. The leading altcoin has managed to reach a new all-time high (ATH), surpassing its previous peak in 2018.
Recently, with the tremendous success of Bitcoin (BTC), many crypto spectators stressed that it is time for Ethereum to gain momentum as well. The continuation of these thoughts for a while caused comments to be made that Ethereum lagged behind Bitcoin. Everyone was waiting for Ethereum to rise in the same way while Bitcoin broke ATH in a row. But even though Ethereum has seen some spikes, the expected ATH has been delayed for a long time. Finally, today those expectations have come to an end.
The leading altcoin started a serious uptrend with the consolidation of Bitcoin last week. Ethereum, which exceeded $ 1000 in a short time, reached the level of $ 1300 today, causing ATH expectations in the community. As for the good news, these expectations did not last long. In a short time, Ethereum reached its all-time high surpassing its previous level of $ 1,432 on January 13, 2018. According to the latest data, the price of Ethereum has increased by over 13% in the last 24 hours. The cryptocurrency is trading near $1,400.59 at the time of writing, according to CoinMarketCap data.
Ethereum has skyrocketed from $ 730 at the beginning of the year to $ 1,270 in just over a week. But with the Bitcoin decline and the stagnation of the cryptocurrencies, the second popular cryptocurrency experienced a short-term consolidation. Since then, ETH has seen a correction of around $ 900, before taking the bullish again. Afterward, the cryptocurrency has managed to recover again, with a 50% rise in the past month.
The trading volume in Ethereum is growing rapidly. Traders have traded more than $ 37 billion in ETH in the past 24 hours. The rising price also increased the market value of ETH. The market cap of the cryptocurrency is currently around $ 161 billion.
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Disclaimer: All information provided in the content is for informational purposes only and should not perceive as investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.
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