Ethereum price scales up to a new all-time high as crypto market continues to gain momentum

Around the class of the previous thirty day period, Ether has shipped handsome gains of all-around forty%.

  • Inspite of its scaling issues, ETH has ongoing to rise, recently hitting an all-time significant of $1,948.
  • The expanding entry of institutional individuals has assisted spur Ether’s benefit.
  • The DeFi current market has ongoing to expand, with Uniswap recently hitting a cumulative investing quantity of $a hundred million.

On the heels of Bitcoin scaling up to its all-time significant of $fifty two,000, Ether as well has been on a tear in excess of the class of the previous 48 odd hrs, soaring from $1,740 to a relative significant of $1,948 — thus showcasing gains of in excess of 10% in the course of the over mentioned time window. At press time, ETH is sitting comfortably at $1,925.

Commenting on Ether’s most recent value movements, Jay Hao, CEO of cryptocurrency exchange OKEx, pointed out

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