Ether (ETH) recorded a new ATH today reaching $2,593 after surging nearly 10% for the day even when most of the other cryptocurrencies are still struggling to regain lost ground from the weekend sell-off. Ether has continued to surge despite the market showing bearish signs after the Sunday correction. The second-largest cryptocurrency is currently eyeing $3,000 now.
The current surge of ETH comes as the market supply of Ether continues to decline to new lows as the majority of Ether has moved from exchanges to cold wallets or ETH 2.0 collateral contracts. The declining supply of Ether on exchanges is another bullish sign indicating more people are holding the second-largest digit asset than selling it.
ETH also saw the open interest for the futures market reach a new record high of $1.43 billion on the FTX exchange.
The spot aggregated volume for the second-largest cryptocurrency also bounced back strongly today nearing its march highs.
ETH/BTC Record 3-Year High
The new ATH for E
Źródło: https://coingape.com/ethereum-price-hits-ath-eth-btc-pair-reach-3-year-high/
