Ethereum (ETH) is still driven by the bulls as the second-top crypto by market cap is still managing to reach new high prices. The latest all-time high comes with a rise on February 13th when ETH touched the value of 1,867$, currently trading at the price of 1,839$ after a minor decline. ETH is still showing signs of bullish trending, rising by 2% for the day with a chance to get back to its ATH from the day before. ETH is still attempting to set firm support at the value of 1,800$, with occasional hourly dips.
Ethereum (ETH) Makes it to a New High Price Above 1,800$
Ethereum made it to a new all-time high price, for a moment trading at the value of 1,867$ which is by far the highest price in the history of ETH. ETH is partially driven by the positive momentum of Bitcoin, while the top crypto is likewise scoring new highs. What might be the main reason for a rather bullish momentum of Ethereum since the start of 2021 is the fact that the dev team behind Ethereum is preparing to launch the by far biggest update to the network. The second and the next stage in that update is set to become live somewhere in 2021, which is how investors might be multiplying their positions in ETH with new investors joining the trend. This case could explain continuous rises and an ROI of over 4,000%. The next stage is implementing Sharding to the network as a way of scaling the ETH ecosystem.
Ethereum (ETH) Price Analysis February 2021
- Ethereum is trading at the value of 1,81o$ to where it dipped from 1,839$
- The weekly chart is showing 8.8% of gains
- The lowest price for the week is 1,608$
- The highest price for the week is the latest ATH at 1,867$
- The yearly chart is showing 584% of returns
Image credits: Cover photo taken from Nick Chong