New historical record for Ether (ETH)
Like last week, the price of ETH crossed this major psychological threshold overnight from Sunday to Monday. Ether thus reached a new record at 4,142 dollars. early this morning, after having jumped by + 7.8% in a few hours:
Source: TradingView, ETH / USDT
This corresponds to a gain of + 39% over the week. Over the year, the progression remains stratospheric: ETH has pris + 1860%. The total capitalization of Ether has meanwhile reached a record high of over $ 478 billion.
👉 Find all the news about Ethereum and ETH
Ether (ETH) narrows the gap with Bitcoin (BTC)
The capitalization of ETH remains far from that of Bitcoin (BTC), which stands at $ 475 billion, but the gap has narrowed significantly. As data from The Flippening Index show, the Ether market cap is now 43% of that of BTC. This is a very clear increase, the capitalization of ETH representing less than 20% of that of Bitcoin in recent years:
Ethereum also now processes a higher number of transactions as well as a higher volume of transactions than the Bitcoin network. ETH is still a long way from dethroning BTC, but the gap is gradually narrowing. How far ? This is the question that arises. For now, several analyzes point to a goal of 10,000 dollars for ETH in the long term, while euphoria continues to reign in the markets.
👉 To go further: The rebalancing of the dominances of Bitcoin (BTC) and Ether (ETH) has begun
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