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Ethereum Surges Near All Time High
Summary: Ethereum rose to more than $1,350 today, nearing all time high. Its market cap has reached $150 billion as the currency rises some 60% this week. Bitpush Market Data Bitcoin has been kind of hovering after reaching $40,000. It fell a bit as ETH rose perhaps because ETH’s ratio jumped by 10% from 0.03 BTC ...
Ethereum rose to more than $1,350 today, nearing all time high. Its market cap has reached $150 billion as the currency rises some 60% this week.
Bitpush Market Data
Bitcoin has been kind of hovering after reaching $40,000. It fell a bit as ETH rose perhaps because ETH’s ratio jumped by 10% from 0.03 BTC to nearly 0.033.
Data from Binance
The current ratio level is a resistance line, but also a place of strong support on its way down. Thus, ETH may just relax here a bit and chill out.
Besides, significant funds are flowing into Ethereum, $4 billion for just Grayscale, with it also awaiting the launch of Ethereum futures on CME next month.
Such futures did wonders for Bitcoin’s price prior to the launch in December 2017, but that was the first and the beginning of Bitcoin’s integration into traditional finance.
As the only other crypto to get such futures and soon enough options too, Ethereum may also be integrated alongside bitcoin, making it very much another milestone of crypto.
By Sara Zhang
