Ethereum Hits New All-Time High of $4,366

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Ethereum

Ethereum goes on to follow the footsteps of Bitcoin, reaching a new all-time high of $4,366. Notably, this is according to data from CoinMarketCap.

Meanwhile, Bitcoin also set a new all time high reaching $66,930 after the launch of the first U.S. Bitcoin futures ETF. Of course, by CoinShares on the NYSE on Oct. 19.

Furthermore, Ethereum developers rolls out the EIP-1559 upgrade in august. Which of course, enables an ETH token burn.

Additionally, Ethereum also launches the zero phase of Ethereum 2.0 in December 2020. Also, validators starts depositing Ether, locking it in the ETH 2.0 contract.

Lastly, Ethereum whales are holding from 1 million to 10 million ETH. Also, they purchased another 13.9 percent of ETH in circulation.

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