Wed. Aug 10th, 2022

Today, the second largest cryptosset by market capitalization, ethereum (ETH), surpassed its previous all-time high, set in January, as it inches closer to the USD 1,500 level.

Source: Adobe/AA+W

At pixel time (17:07 UTC), ETH trades at almost USD 1,488 and is up by 14% in a day and 12% in a week. The price almost doubled in a month and rallied by more than 710% in a year.

ETH price chart:


ETH is the second-best performing major cryptoasset today. Cardano (ADA), the 6th largest cryptoasset by market capitalization, leads the game on Tuesday as it jumped by 23% to USD 0.434.

At the same time, bitcoin (BTC) trades at USD 34,876 and is up by 4% in a day and 8% in a week.

As reported, major crypto asset management firm Grayscale reopened its Grayscale Ethereum Trust as it resumed the private placement of its shares. However, yesterday, almost ETH 602 left the trust, per data.

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