Ethereum, crypto’s second largest asset by market capitalization, has broken through its previous one all-time price high near $ 2,041 , set on February 19, 2021.
Since the February high, ETH has corrected twice on the daily chart, moving a higher low on the second correction. In the days following the USD 2,041 peak, the asset fell to around USD 1,293. ETH rebounded to around $ 1,943 on March 13, before falling back near $ 1,546 in the following days.
Since the drop near $ 1,546, ETH has placed four consecutive green daily candles. Today it will be the fifth, when it closes green.
CoinMarketCap lists ETH as the second largest asset by market capitalization. With a market cap of nearly $ 239 billion at time of publication, ETH comfortably ranks second to Binance Coin (BNB), but far from the (BTC$ 1.1 trillion in total valuation.
Ethereum has seen its fair share of headlines in recent months, in line with its transition to Ethereum 2.0, or Eth2, as well as role in decentralized finance, or DeFiEth2 is trying to scale the Ethereum network and fully transition the blockchain to a proof-of-stake algorithm in the next months
ETH’s upward price trajectory has also aligned with a general crypto bull market, in which BTC traded above $ 60,000