Ether prices climb to latest record as bullish factors drive gains
Ether prices attained a fresh, all-time high today, rallying as they benefited from a wide range of factors.
The digital currency, which is the second-largest by market capitalization after bitcoin, reached $3,300.73 around 1:15 p.m. EDT, according to CoinDesk data.
At this point, ether prices had climbed more than 300% in 2021, additional CoinDesk figures reveal.
He noted that an increasing number of “institutional investors and hedge funds” are moving into ether and thinking of it as “the oil of crypto,” meaning a valuable commodity used to fuel the Ethereum ecosystem.