Ethereum Protocol’s native currency, Ether (ETH), reached $4,948 on August 24, marking the new historic largest (ATH). This is the first time that assets have surpassed the $4,900 barrier.
ATH occurred later An increase of about 4% over the past 24 hours, According to TrainingView data:
On August 24th, the price of ether fell at $4,776, dropping to a minimum of $4,719 before climbing to the new Ass.
Among other factors, there are three explanations of current ETH rebounds.
First, an increasing number of companies are adopting ether in the Ministry of Corporate Finance as a form of diversification and value preparation.
Secondly, the activity record for the Ethereum network is Greater demand for assets Pay fees or interact with intelligent contracts.
Finally, the actions of ETH holders also play an important role. The act of short-term holders saving coins coincides with rising prices of ether.
These foundation combinations made ETH touched $5,000 for the first time. This is the level that Ethereum currency has not yet transferred.