BTC $42542.86 (-9.7%)
ETH $2980.84 (-9.8%)
USDT $0.99 (-0.0%)
BCH $539.07 (-10.%)
BSV $136.42 (-12.%)
LTC $160.16 (-7.6%)
BNB $361.22 (-11.%)
ADA $2.11 (-6.1%)
DOGE $0.20 (-9.0%)
BTC $42542.86 (-9.7%)
ETH $2980.84 (-9.8%)
USDT $0.99 (-0.0%)
BCH $539.07 (-10.%)
BSV $136.42 (-12.%)
LTC $160.16 (-7.6%)
BNB $361.22 (-11.%)
ADA $2.11 (-6.1%)
DOGE $0.20 (-9.0%)

Ethereum Price Has Surpassed $1k All-Time High

Ethereum Price Has Surpassed $1k All-Time High
  • Ethereum’s price has now surpassed its all-time high of over $1k
  • Ethereum attained lots of achievements in the past year 2020.
  • At the time of writing, ETH price is at $979.99 with a 7-day growth rate of +40.5%

Ethereum continues to be the largest second cryptocurrency in the world. Following this, the asset has gained lots of popularity ever since its inception. Therefore, Ethereum has had plenty of achievements last year, 2020.

Last year, the credit card giant Visa partnered to expand its fintech services on the Ethereum blockchain network. In terms of technology, the launching of Ethereum 2.0 marks as one of its most significant achievements in 2020.

Furthermore, the increasing volume of DApps in the DeFi space also contributed to the success of Ethereum last 2020. These accomplishments that the Ethereum network performed placed the crypto as one of the top 5 cryptos in CoinGecko. As a result, the market capitalization of the crypto boost to over $120 billion.

ETH Price Analysis

ETH Price Analysis
(Source: TradingView)

Based on the graph above, ETH has shown a good fight against the wild market swings. As a result, ETH reached a high price of $676, which makes the crypto break its first level of resistance. This bullish performance of the crypto did not stop as it continues to break another resistance level, amounting to $772. Therefore, ETH price rocket-high.

Today, ETH trades open its trading price at $917.50 per crypto, reaching a high price of over $1000. If this continues, ETH might surpass its 2018 bullish resistance level of $1329. If it does, the crypto will create a new record in the history of Ethereum. And, the level of trust and confidence of the investors on the ETH network will increase.

Regardless, ETH continues to be one of the trusted digital assets in the crypto world. Recently, the CME Group announced its plan to partner with the Ethereum network in February 2021. This partnership enables the ETH crypto to trade in the crypto risk-management solutions of CME.

At the time of writing, ETH price is at $979.99 with a 7-day growth rate of +40.5%. This price is most likely to increase if the market continues to side with the crypto.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.