Leading altcoin Ethereum (ETH) has set a new all-time high. According to CoinGecko data, the coin managed to reach $4,416.05 in the early morning hours.
At the time of writing, ETH was trading at $ 4316. The cryptocurrency has risen by about 54% since the beginning of October.
After determining the ATH, Ethereum is down by 2% from its price in the morning, according to CoinGecko data. Ethereum’s rise came after the Ethereum Altair Beacon Chain update.
“Ethereum Will Reach $5000”
Bloomberg expert Mike McGlone recently stated that Ethereum could reach $5,000. According to him, Ethereum has become an important tool for the digitization of finance and money. Therefore, the leading altcoin may experience a price increase in the near future.