Ethereum is now discovering its new ATHs against the USD

Source: Adobe / Niphon

Today, the second most important crypto asset, Ethereum (ETH), exceeded its all-time high of USD 2,043, which it reached in February.

At the time of writing (14:56 UTC), ETH is trading at nearly USD 2,060 and is up 6.6% in one day, bringing its weekly gains to 30%. The price is up 38% in a month and 1,412% in a year.

At the same time, Bitcoin (BTC) is at USD 59,204 and is almost unchanged in one day. ETH outperformed the most popular cryptocurrency last week, last month, and last year.

However, ETH’s trading volume is significantly less – $ 36 billion in the last 24 hours versus $ 53 billion for BTC.

“We’re really breaking higher now and that is very likely to attract buying activity,” Julius de Kempenaer, senior analyst at StockCharts.com, told Bloomberg. “Ether is gaining relative strength compared to Bitcoin.”

ETH price chart:

Ethereum is now discovering its new ATHs against USD 102Source: coingecko.com

Meanwhile, ETH is still a long way from its all-time high against BTC, which it hit in 2017.

Ethereum is now discovering its new ATHs against USD 103Source: coingecko.com

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Learn more:
– Mark Cuban says he’s all-in on Ethereum and Bitcoin
– No optimism for Ethereum in March – L2 scaling solution delayed
– Bitcoin is expected to be worth millions by 2023, ETH above USD 2K by 2022 – Kraken CEO
– Inflation is here and Bitcoin will hit USD 115,000 ahead of target – Pantera
– ETH ‘Insanely Cheap’, DeFi to Rally, BTC Dominance to Drop – Pantera Capital CIO
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(Updated at 15:11 UTC with a comment. Updated at 15:19 UTC with an ETH / BTC chart.)

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