Ethereum Quietly Hits New All-Time High: May Hit $8000 Next
According to CoinGecko’s ETH data, Ethereum climbed to a new all-time high of $4,946.05 on Aug. 24. ETH has had quite a bullish ride over the last few months. However, ETH’s price fell victim to the ongoing bearish market environment. The second-largest cryptocurrency has faced a steep correction of 6.4% since hitting a new peak. Source: CoinGecko Will Ethereum Continue Rallying After Hitting a New All-Time High? Ethereum’s rise to an all-time high comes nearly four years after its previous peak. Bitcoin (BTC), on the other hand, has hit multiple all-time highs over the last year. ETH’s ascent to a new peak could be due to consistent ETF inflows over the last few months. ETh began an upward movement after its Pectra upgrade in May. The update, coupled with high ETF inflows, may have led to the asset climbing to a new all-time high. According to CoinCodex’s ETH Analysis , Ethereum will continue to rally over the coming months. The platform anticipates the as...