Ethereum Skyrockets to $1,000, Will it set a new all-time high?
The world’s second-largest cryptocurrency by market cap, Ethereum, just shot $1,021 today after adding few more hundreds to its final price. Coinmarketcap showed that the coin briefly achieved price at 10:34 UTC today.
Ethereum price today is $1,058.06 USD with a 24-hour trading volume of $56,228,937,516 USD. Ethereum is up 36.97% in the last 24 hours. The price of ETH pulled back a little as it seemed encountered with strong selling pressure at its key technical resistance. Ethereum is up by approximately 28% during the past 24 hours. The coin is strongly outperforming Bitcoin as it has only gained around 1% increase during the last 24 hours. We will see this trend continues as all eyes are on Bitcoin, which will indirectly influence ALT coin prices.
Ethereum seems to be well on the way to reach its all-time high of $1,432 where it reached in January 2018. Bitcoin’s bull run seems to be the success of most of the major altcoins. This strong uptrend chart suggests that the price of Ethereum eyeing testing $1,200 soon.
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