Ether Prices Break Through $3,500 To Reach Fresh High

SourceForbes
SectorTechnology
CountryMiddle east

Ether prices continued their impressive rally today, surpassing the $3, 500 level to reach a fresh, all-time high. The world’s second-largest digital currency by market value reached as much as $3, 530. 39 today, according to CoinDesk data.

At this point, the cryptocurrency was up almost 380% year-to-date, after starting 2021 at less than $750, additional CoinDesk figures reveal. The digital asset had pulled back somewhat at the time of this writing, but it was still trading above $3, 300, having climbed more than 300% since the beginning of this year. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] When explaining what has driven ether’s latest gains, crypto analysts pointed to several different variables. John Iadeluca, founder & CEO of multi-strategy fund Banz Capital, also weighed in, noting that “the $3, 000 price level has long stood as a key area...read more...