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The price of Ethereum (ETH) has surpassed $3,000 for the first time in history

The price of Ethereum (ETH) has surpassed $3,000 for the first time in history

May 03, 2021 16:30
crypto
Paula M. Graham

Thanks to another amazing next year's success, the second-largest crypto coin stays on track to be first. At the time of this writing, the price jump, the ETH had just passed the $3,000-mark.

Ethereum fell into the red in the first half of the year after an excellent run in March, taking a low of $90 in March's COVID19 event.

The high demand for the ETH token, along with the continuing crypto bull market, finally recording it into less than a month into the year 2020, resulted in a new ATH under $40 in April of 2018, which broke the previous peak established in January of that year.

Besides slight retracements, the ETH surge only worsened over the course of the next few months. As a result, ether soared to a new record price in February.

Though it appears to have been idle in March, ETH resumed its long-filled tradition of record-making months That's why the price broke a new record for the second time, resulting in ATHs, as recently reported, and it eventually dropped below $3,000 to start fresh new initiatives. Therefore, the blockchain has increased by 300% so far this year.

There was a nearly 3-year-long runup in Ethereum's native currency that led to another all-time high over 0.05 for the pair ETH/BTC.

Around the same time, the asset market value increased to $340 billion. As a result, ETH jumped into the top 30.

As of writing, famous companies including PayPal, Netflix, and other businesses have been overshadowed by Ethereum.

Paula M. Graham | Paula is a writer and editor who works as a freelancer. She covers subjects such as banking, insurance, and digital marketing in his writing. Paula is a bookworm who also enjoys podcasts and freshly made coffee.

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