Ethereum (ETH) Price Hits $4000 for First Time Since May
- Ethereum (ETH) hits $4,000 for the first time since May.
- Ether has massively outperformed Bitcoin (BTC) this year.
- Reese Witherspoon has tweeted that she had invested in Ether.
On September 3, 2021, Ethereum (ETH) hits $4,000 for the first time since May, and the price seems to be at a 3 month high. Against month-to-date gains of $600, Ether regained the historic level, nearly three months ago ETH had lost in the dramatic trend reversal that stunned the crypto market.
Accordingly, yesterday Ether broke out of its three-month trading level, with $4,025, eventually only $350 is way from all-time highs. Ether has massively outperformed Bitcoin (BTC) this year, rising fivefold in price and pushing its market capitalization to about $465 billion.
According to its weekly performance Ether secured third place out of the top 10 cryptocurrencies by market capitalization, behind Solana’s SOL and Polkadot’s DOT tokens. At the time of writing ETH holds the 2nd position on CoinMarketCap, ETH price is trading at $3,918.01 with the 24-hour trading volume of $24,728,282,445. Ethereum (ETH) has increased 3.06% in the last 24 hours.
Moreover, Ether’s successes have delighted the traders, but the move has also delivered some murmurs from critics.
Went to send somebody $100 in USDT to an ERC-20 address.
— The Wolf Of All Streets (@scottmelker) September 2, 2021
Gas fee $84.
Seems sustainable…
Furthermore, the Ethereum gas fees still annoying the traders, there was a sense of difference as ven the actress, Reese Witherspoon has tweeted that she had invested in Ether.
Welcome aboard Reese! https://t.co/1crjCmi1Nv
— Tyler Winklevoss (@tyler) September 2, 2021
On a note, the opinions approached that the last months of 2021 may deliver the rush to the finish of 2013 and 2017. More so, the popular Twitter account Lark Davis mentioned, “Regardless of when exactly it comes the next few months will probably be insane beyond what most of you can imagine but also one day during all that mania the music will stop”.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
