The second-largest cryptocurrency in terms of market valuation, ethereum, has seen significant gains this week in comparison to the rest of the crypto economy. On Wednesday, ethereum tapped an all-time high at $2,736 per unit as the crypto asset has gained 11.48% during the last seven days.
Ethereum Cracks a New ATH
While a great number of digital assets dropped in value last week, ethereum (ETH) prices rebounded much quicker than most. On April 27, after climbing more than 11% during the course of the week, ETH tapped an all-time high (ATH) at $2,706 per ether on Tuesday. Then again, on Wednesday, ether prices touched an ATH of around $2,736 per coin.
During the last seven days, ether prices have jumped 10% higher against bitcoin (BTC) as well. Bitcoin’s current dominance index is being drained too as it’s dropped to 49.2% while ethereum now captures 14.9%.
The ETH/USD chart on Wednesday, April 28, 2021. 1-Hour, Bitstamp.
Against the U.S.