Ethereum (ETH), which reached its highest level after the “Altair” update, managed to break its long silence and managed to reach its all-time high (ATH). Here is the highest level Ethereum has reached and the reasons for this rise.
Revived after the update named “Altair”, Ethereum managed to gain strength in the last 24 hours and reached an all-time high above $ 4,400.
The second largest cryptocurrency by market capitalization Ethereum, in the last 24 hours to secure an all-time high, just two days after eclipsing its previous record. 10%It managed to rise above .
CoinGecko According to its data, the all-time high for ETH was $4,416.05.
On Tuesday, October 26, ETH, which is at risk of a serious decline in price, first gave a signal by falling below $ 4,300, and then fell below $ 4,000. However, ETH did not take these drops too seriously and managed to regain its momentum, making its third rise in the last seven months. This ETH 2.0 networkThere has been another move that has proven to be a faster, more secure network.
As will be remembered August 2021In the update in , instead of paying a fee to miners transacting on the ETH network, users were paid a base fee per transaction and the fee was instantly deleted from the network. This update, which lowered the growth rate of supply on the network, quickly moved the price of ETH above $2,000 and helped it return to its current levels.
bybtOver $1.2 billion in ETH “options” will expire on Friday, according to . More than half of the bets on the future price of the asset (by October 29) have been wagered to go above $4,500. This is one of the biggest indicators that Ethereum traders believe the bull run will continue.
If the traders win the bet, Ethereum will continue to set a new record by the end of 2021.