The price of Ethereum reached its highest level in history

The price of Ethereum, the second largest digital asset in terms of market value, broke its previous historical record and went up to $ 2,150. Ethereum previously had a record high of $ 2,041 on February 19. At the time of writing, each unit of this cryptocurrency is trading at $ 2,115 in exchange offices.

According to the Cointelegraph, Ethereum, after the last record it set, corrected twice in the daily charts, which saw a higher price floor in the second correction process. A few days after the $ 2,041 record, the market’s second-highest cryptocurrency fell to about $ 1,293. On March 13, the price of this cryptocurrency peaked again at around $ 1,943, and in the next few days, it will see another drop to the range of $ 1,546.

CoinMarketCap ranks Ethereum as the second largest digital asset in the market. The cryptocurrency, with a market value of approximately $ 243 billion at the time of writing, is slightly higher than the third-highest cryptocurrency, Binance Quinn; However, there is still a long way to go to compete with the $ 1.1 trillion market value of Bitcoin.

Over the past few months, with the transition to Ethereum 2.0 (Eth2), the market’s second-largest asset has been in the news spotlight. In the meantime, the role of Ethereum in decentralized finance, or DeFi for short, in increasing this reputation and popularity can not be ignored. The key goal of Ethereum 2.0 is to increase the scalability of the Ethereum network and the complete transfer of the network blockchain to the stock proof algorithm in the coming months.

The upward trend in Ethereum prices has been accompanied by the overall growth of the Bitcoin and other cryptocurrencies market. At the time of this writing, Bitcoin is trading in the range of close to $ 60,000.

The price of Ethereum reached its highest level in history