Ethereum price hits a new high above $4,500 right as Bitcoin recaptures $64K
ETH rallied above $4,500 to hit a new all-time high and BTC bulls broke the week-long downtrend to pull the price to $64,000.
Bullish volatility is on the rise and the newfound bullish momentum saw multiple tokens breakout to fresh all-time highs as traders scramble to identify which coin might be the next to embark on a moon mission.
As the price of Bitcoin (BTC) rallied to $64,000, Ether (ETH) reached a new record high at $4,523. The move comes just days after the successful Altair upgrade to the Ethereum network, which was the first update to the Beacon chain, bringing the network closer to the full rollout of Eth2.
Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $4,283 in the early morning hours on Nov. 2, bulls took control of the price action and lifted the price of Ether to a new all-time high at $4,523.
If Ether can maintain its current trajectory, it is on course to see its eighth consecutive positive quarter of positive gains, as highlighted by a tweet from Coinbase International. As shown in the charts, an interesting comparison between the price action for Ether in 2017 and the current price action was spotted by pseudonymous Twitter user ‘itwasntme’.