Ethereum, the second-largest cryptocurrency by market capitalization and price, has finally reached an all-time high price of $2,101 up 6% in a day. The digital currency’s previous price was $2,041 that ETH reached on February 19, 2021.
The digital currency last closed at $1,970 and has been flirting with the $2,000 for over two months. ETH reached its previous all-time high in February but suffered from two corrections. It then dropped to $1,293 before recovering to $1,943 on March 13, and then plunging back to $1,547 in the following days.
Nonetheless, the highly volatile cryptocurrencies market pushed the 2nd largest digital token in the world to its all-time high in few weeks. ETH has posted 4 consecutive green daily candles, if it closes on green today, then it’ll have five. ETH stands at $239 billion market valuation as of this writing. The token is ahead of Binance Coin (BNB) but far below Bitcoin’s (BTC) $1.1 trillion market capitalization.
The Ethereum network – where ETH is the native cryptocurrency – developed to Ethereum 2.0 or Eth2. The development has been hitting the news since then; especially that the update will destroy coins, and possibly making the digital currency grow due to shortage.
Billionaire Mark Cuban is “Owns a lot of Ethereum”
Meanwhile, investor Mark Cuban seems bullish on the future of Ethereum and other cryptocurrencies. The billionaire disclosed that he “owns a lot of Ethereum”.