Ethereum (ETH) recorded its own history in less than 24 hours by jumping over $ 1,100 just now.
Just now reported the all-time high ETH 2021 reached $ 1,005 recorded early this morning before the ATH record again at the level of $ 1,140!
This means that the asset has made a profit of 42.4% from the 24-hour low of $ 794.
Ethereum's market capitalization also rose to more than $ 100 billion for the first time after a record high three years ago.
With a value of $ 125 billion, ETH has a market capitalization of 500% higher than Tether which recorded a record $ 21 billion.
Industry analyst Luke Martin described the emergence of altseason as having 'revived' a group of altcoins that are far behind. For example, Cardano and Chainlink show positive price changes.
However, the Ethereum surge has two implications. First, the amount of ETH at stake in Beacon Chain deposit contracts is now worth $ 2.4 billion at current prices.
Second, the increase in transaction charges on its network also increased as demand soared. Bitinfocharts.com records show the charge has rocketed to the third highest with prices exceeding $ 13.
At the time of writing, ETH is trading at $ 1,072 slightly lower than $ 1,140.
