Ethereum, the second-biggest cryptocurrency in the world by market value, has surged to a level not seen in the past three years. The price value of Ether (ETH) blasted through the highly bullish figure of $1400 a few hours ago on the 19th of January in order to set a new high value for the current year. It is the first time that the second-ranked digital currency has broken this price level in the past three years.
The world’s second-largest blockchain network Ethereum’s native digital currency, has once again started exploding as it has moved past another crucial hurdle in order to retest its all-time high value. Ether’s price value has topped the figure of $1400.
It came pretty close to hit its all-time high mark as, according to the data from Trading View, the price of the coin touched the $1430 level on the trading platform of the San Francisco-based cryptocurrency exchange Kraken while the ATH of Ether stands at $1432, as per the data from CoinMarketCap (CMC).
CMC’s data reveals that Ether recorded its all-time high value three years ago on the 13th of January. Since that day, it is the first time for ETH that it has gone so much close to reclaiming this highest value.
The coin is still maintaining its current form as the price value of ETH is trading up by more than 13 percent in the last 24 hours while trading at around $1416 at the time of writing. On a weekly basis, it is up by nearly 29 percent. With this strong bullish momentum, Ether is planning on retesting its all-time high figure. Looking at the current behavior and the strong fundamentals of the coin, it apparently seems possible. Ether, however, has once again brought excitement to the cryptocurrency community. The holders of ETH are now waiting for the next massive upswing in which the coin is expected to get its ATH. With this price rally, the market capitalization of Ether has jumped above the $160 billion level for the first time in the past three years. ETH’s market cap is also going up by nearly 13 percent over the last day, as of the time of writing.