Ethereum price skyrocketed to new all-time high

At the beginning of today, Ethereum skyrocketed to a new all-time high. ETH rate in relation to the US dollar reached $ 1476 according to the exchange data Binance… Within 24 hours, the rate increased by almost 19%, and during the period of sharp acceleration – by 9.5%. The previous record was set last week, when the cryptocurrency reached $ 1440.

At the beginning of the year, Ethereum briefly adhered to an uptrend and after reaching $ 1352, the rate fell sharply to $ 911. Now the situation is repeating itself – after the previous maximum, ETH dropped to almost $ 1000, and now it has set another record.

The growth of Ethereum is associated with increased attention to the DeFi segment of decentralized finance, where many services are based on the Ethereum blockchain. More and more investors are interested in altcoins and Ethereum, the second largest cryptocurrency by capitalization, primarily attracts their attention.

The community violently met a new record and, of course, many analysts began to predict further growth not only for Ethereum, but for the entire altcoin market in general. The coming week will be a busy one for the market, we will probably see a lot of ups and downs, which will be a consequence of the publication of the program of the US Federal Reserve System and quarterly financial statements of large corporations. notes Decrypt resource.