InstaForex

October 29, 2021

Ethereum (ETH) Latest ATH Sketch After Altair Activated

 Ethereum (ETH) this morning displayed a positive price with a jump to an all -time high (ATH), $ 4,405.99.


Month-to-date (MTD) records prove ETH has jumped nearly 50% since October 1st.


However at the time of writing, the asset is trading at $ 4,328.84 down nearly 2% from ATH’s record but still up over 8% in 24 hours.


Yesterday as reported by Team Intraday, the Altair update of the Ethereum network was launched at around 7pm Malaysian time.



Altair’s success was crucial before Ethereum switched to a network based on the Proof-of-Stake (PoS) consensus mechanism or better known as Ethereum 2.0.


Throughout the year, Ethereum saw soaring popularity following investor interest in the decentralized financial sector (DeFi) and non-fungible tokens (NFT). Thus, it is not impossible that in the fourth quarter (Q4) of 2021, Ethereum will be able to maintain its position until entering 2022.


Altair is Ethereum’s latest development after the network launched its London hard fork in August.


Observations of the entire crypto market found positive sentiment with each starting to record price increases.