Ethereum (ETH) is trading above $1,200. The second largest cryptocurrency by market cap hit a high price of $1,207 on multiple exchanges today, its first time at the price level since January 2018.
Ethereum’s Latest Run
It’s been a bullish few days for Ethereum supporters. This most recent run started on the weekend, when ETH hit $800, following a wild Bitcoin run the previous day. The price of ETH soared 40% over the course of Sunday, surpassing $1,000 later that day.
The last time Ether made a run at this price level was in January 2018, towards the end of crypto’s most fabled bull run. Bitcoin topped out at around $19,600 the previous month (December 2017) before ETH surged to a high of $1,448.
Now Ethereum is nearing its all-time high once again. After today’s milestone, Ethereum is only 17.4% away from reaching its peak price. Its market cap is now approximately $137 billion.
Disclosure: At the time of writing, the author of this feature owned ETH, among a number of other cryptocurrencies.