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04 May 2021

Forbes: Ether prices climb to latest record as bullish factors drive gains

Yara Ainsworth

Yara Ainsworth

Head of Marketing and Communications at Crypto Finance AG

About the author

Source: Forbes | Author: Charles Bovaird

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.

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Marc Bernegger, a board member of Crypto Finance Group, also spoke to an influx of new money entering the system.

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.

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Read the full article on Forbes here.

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