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Ethereum to Break All Time High, Joins Top 100 Asset List

  • ETH is now in position to hit its all-time high (ATH) price of $1,440.
  • The market capitalization of ETH amounts to almost $130 billion with an average daily trading volume $50 billion.
  • ETH might go further the bullish price of $1,440 and set a new high record.

After 3 years of waiting, Ethereum is now ready to smash its all-time high (ATH) price of $1,440.

Ethereum is one of the cryptocurrencies that needs no further introduction. As a result, the number of investors in the network keeps increasing every day. ETH is not only famous in different crypto exchanges but also in the DeFi space. Currently, 199 DeFi apps are using Ethereum technology. Hence, ETH is in position for mass adoption of its cryptocurrency.

ETH on the Verge of Hitting ATH

In terms of crypto ranking, the crypto remains to be seated next to Bitcoin, the king of cryptocurrency. ETH has over $130 billion market capitalization with a daily trading volume of almost $50 billion. If this uptrend position continues, the crypto might rally all the way to hit its all-time high price.

ETH current price vs ATH
ETH current price vs ATH (source: TradingView)

As seen on the chart above, ETH has successfully defended its position against the wild swings of the crypto market. Today, ETH trades at a high price of $1200 with a growth rate of +60.9% in the past 7 days.

If this goes on, the crypto might reach the price of $1220 and even break its resistance level of $1225. If it does, ETH may have the chance to rally its price near its all-time high price of $1440. It could even go further in hitting its all-time high price if the market continues to favor the crypto this year.

Ethereum Joins List of World Top 100 Assets

Consequently, Ethereum has joined the list of top 100 assets in the world. It is the first cryptocurrency to ever join Bitcoin in the coveted list.

Ethereum bumps into the 95th place
Ethereum bumps into the 95th place (source: 8marketcap)

At the time of writing, Ethereum occupies the 95th spot. It has surpassed well-known financial institutions including Citigroup, Wells Fargo, and Bank of China. Also, it only needs an additional $2B and $4B to outrank China Life Insurance and UPS, respectively.

Jay Manila

A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.

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