The largest altcoin Ethereum (ETH) has surpassed $ 4000 for the first time in its history.
The largest altcoin Ethereum (ETH) has surpassed $ 4000 for the first time in its history. ETH continues to rise after surpassing this level.
Ethereum has increased by an average of 450 percent year-to-date. ETH set a new ATH, reaching $ 4131. The leading altcoin was trading at $ 4126, according to Coingecko data at the time of writing.
ETH outperformed Bank of America in terms of world market value last week. As of today, the crypto currency has reached $ 475 billion, surpassing Johsnson & Johnson and Walmart. ETH is now right behind JPMorgan Chase.
Analysts point to institutional interest in the rise experienced by ETH. However, it is clear that the updates expected to come to Ethereum are also helping the rise.
Bitcoin Continues To Fall Behind
Meanwhile, Bitcoin continues to weaken as it struggles to reach the $ 60,000 level. BTC’s dominance dropped to 42 percent, according to Coingecko data. Other top altcoins are also outperforming Bitcoin. With this rise of ETH, “flippening” discussions also came to the fore.