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Ethereum Records Another All-Time High -Breaking

by Mike Robinson

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Ethereum Reaches Another All-Time Record
  • New all-time record for brushes
  • One ETH cost $4,762.84

New week, new highs, that’s the motto of the cryptocurrency market ever since the market sentiment flipped bullish as it entered a state of euphoria. Over the last couple weeks both altcoins as well have hit new heights.

Ethereum’s record November 3rd high of $4.638 has been reaffirmed. CoinMarketCap reported that the price per ETH hit a record high on Monday (8/11), at $4762.84, an increase of 7.7%.

Etheruem’s success was founded on the trends which it managed to successfully commend, starting with ICO’s, DeFi, and NFTs. DeFi as well as NFTs soared in 2021. OpenSea’s NFT marketplace recorded a total of $10 billion in overall sales.

DeFi however rebounded after the NFT hype began waning and changed to. DeFiLlama reports that Ethereum’s total value has reached $180 billion and is increasing almost daily. Etheruem also commands over 50% of all TVLs across all chains. This shows support for DeFi.

Ethereum’s rally is not something to be omitted. Every new record-breaking high is celebrated by Crypto Twitter (NYSE :). Matthew Hyland posted an image comparing Etheruem’s 2017 bull run to the 2021 instance, predicting the price of one ETH will reach $14,000 as usability and network applicability becomes paramount to parabolic growth.

Ethereum 2.0 will be a major component of the future development and growth of the internet. Additionally, U.S.-approved Ethereum ETFs will help prolong ETH’s rally and possibly cause a flippening, something Gen Z’s predict will happen by mid-2022.

What are the reasons to care?

Ehtereum is able to support and rise to higher heights because it has all the necessary foundational and financial support.

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