According to Cooiestecko’s ETH dataEthereum climbed to a new highest time of $ 4,946.05 on August 24. ETH has had a fairly ravaged journey in recent months. ETH’s prize, however, became a victim of the ongoing Baisse -like market environment. The second largest Cryptocurrency has met a steep correction of 6.4% since he hit a new top.
Will Ethereum continue to gather after meeting a new highest time?
Ethereum’s rise to a maximum time comes almost four years after its previous peak. Bitcoin (BTC), on the other hand, has hit several holidays over the past year. ETH’s ascent to a new peak may be due to consistent ETF inflows in recent months. ETH began an upward movement after its pectra upgrade in May. The update, in combination with high ETF inflows, may have led to access to a new highest time.
ETH’s price has met a dip after meeting a maximum time. The correction may be due to investors booking profits. Holders who bought at the top of 2021 may have sold to break evenly. Despite the correction in the last hours, ETH is still in the green zone for the second time. Access has increased by 7.8% in the weekly charts, 8% in the 14-day diagrams, 23.9% compared with the previous month and 68.3% since August 2024.
Also read: Trillion dollars could float into Bitcoin, Ethereum, Cardano, Shib
Ethereum’s (ETH) price can continue to dip if the baisse -like market environment remains. September has historically been a baisse -like month for Bitcoin (BTC).
