Ethereum has set a new all-time high of $ 1440

Following Bitcoin, Ethereum (ETH) also broke its previous price record, confirming the increased attention of investors to the crypto market.

During yesterday's surge, the ether exchange rate did not last longreached $1,440, setting a new all-time high. However, the subsequent correction prevented the bulls from climbing higher and at the time of publication, ETH is trading around $1,360 with a daily gain of 2.64%.  The previous record high of $1,432 was recorded on January 13, 2018.

The prerequisites for the impending rise to previously unprecedented heights began to appear as early asearly January, but then the broadcast was interruptedshort-term market correction caused by a rollback in the price of Bitcoin from $40 thousand to $30 thousand. In recent weeks, the growth of ETH has also been facilitated by the rapid depletion of its reserves in the storage of centralized exchanges. Investors are also preparing for the platform’s transition to the PoS algorithm and full integration of the Ethereum 2.0 protocol.

Although Ethereum has established a new historicalat most, almost two months after the BTC rate broke the price record of December 2017, it is significantly ahead of the leading cryptocurrency in terms of relative growth. Since the beginning of 2021, the price of ETH has risen by 90%, while Bitcoin has gained 27% in the same time.

Analysts also note that since the initial public sale of Ether, its rate has increased by more than 1000%.

</p>