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Ethereum broke the $ 1700 level

The price of the second largest cryptocurrency in terms of capitalization set a new all-time high at levels above $ 1,700.

On the Bitstamp exchange, Ethereum quotes came close to $ 1,765.

Hourly ETH / USD chart on Bitstamp. Data: TradigView.

The price of the cryptocurrency broke through the $ 1,500 level on February 2, and a day later crossed a new round mark.

Over the past 7 days, Ethereum quotes have added more than 29% (according to CoinGecko).

Data: CoinGecko.

Of the top ten cryptocurrencies by market capitalization, XRP from Ripple showed the highest growth over the period – 70%. New price highs were recorded by Cardano (ADA) and Binance Coin (BNB).

Cryptocurrency market capitalization approached $ 1.2 trillion, updating the records set today. Bitcoin Dominance Index fell below 60%.

Against the backdrop of new highs in Ethereum, cryptocurrency miners received a record income in one hour in the amount of $ 3.5 million, analysts at Glassnode noted.

As a reminder, on February 8, 2021, Ethereum futures will start trading on the Chicago Mercantile Exchange (CME).

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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