A little over one week since Bitcoin's ATH, Ethereum bulls follow through as the cryptocurrency sets a new record 171 days after the previous one.
Just nine days after the crypto community celebrated a new Bitcoin ATH, today, 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 as the cryptocurrency marked a significant milestone breaking above the former all-time high of $4,380. As of writing these lines, ETH’s new high sets at $4,400.
It took ETH precisely 171 days from May 12th, 2021, to accomplish this.
It comes on the back of a wider increase of around 7.5% in the past 24 hours and over 50% during the last month, according to CoinGecko.
ETH’s total market cap has surged above half a billion as it currently sits at around $511 billion.
This also happens just a few days after the total value locked in various DeFi protocols surpassed $100 billion for the first time.
It’s interesting to see where the price of ETH will head from here, as many analysts believe that there’s a considerable altcoin season coming following Bitcoin’s recent rally.
Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn
