Ethereum: new all-time high for ETH

Yesterday, the price of Ethereum (ETH) hit a new all-time high.

On certain platforms in recent days the price of ETH in dollars has reached higher figures than in the past, however, considering the entire crypto ecosystem the situation appears less clear-cut. 

In fact, taking the values shown by CoinMarketCap and CoinGecko as a reference, the all-time high price of ETH still remains that of February 20th. 

According to CoinMarketCap, it was $2036, while according to CoinGecko it was $2,042. In both cases, the price was clearly above two thousand dollars. 

Taking yesterday’s and today’s highs as a reference, CoinMarketCap shows a high of $2,009, while CoinGecko shows a high of $2,008, so values are very close to the highs of February 20th, but still slightly lower. 

It is worth remembering that every single crypto exchange has its own prices, so the prices on February 20th, compared to the last 24 hours, were not necessarily higher on all crypto exchanges.

However, there are platforms such as CoinMarketCap and CoinGecko, aptly named “aggregators”, which analyze prices from thousands of exchanges in order to paint a complete picture. 

It is therefore worth taking these aggregators as reference points for analyzing the entire crypto ecosystem, and not what is happening on a single exchange. 

Ethereum close to February’s all-time high

It is worth mentioning, however, that the current level of ETH prices is indeed very close to the all-time highs of February 20th, so it is possible to say that we are more or less on the same levels. 

With regard to Ethereum’s golden moment, it is necessary to quote an article that appeared yesterday on the CNBC website in which it is reported that Mark Cuban has stated that he owns a lot of ETH because he believes that it is the closest cryptocurrency to being considered a currency. 

Front page of CNBC right now. @mcuban knows ETH is money. pic.twitter.com/FMrBKDuExc

— eric.eth (@econoar) April 1, 2021

Although yesterday was April Fool’s Day, this is not a joke, as it echoes statements made by Cuban himself a few days ago on The Delphi Podcast. 

In fact, the famous entrepreneur said that his crypto portfolio is made up of 60% bitcoin, 30% Ethereum and only 10% other assets, and that he started buying ETH four years ago because he thinks it’s “the closest we have to a true currency”.