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The price of Ethereum approached a new historical maximum

Yesterday, on November 23, the price of the second in terms of capitalization of the crypto currency significantly accelerated the upward movement that lasted for the last week and confidently overcame the psychological level of $ 400.

At present, the ETH Crypto currency is traded around $ 410. The previous price high was fixed on June 12, when the price of Ethereum touched a mark of $ 448 on the Poloniex exchange.

During the day, Ethereum grew by 13%, and over the last 7 days this crypto currency became more expensive by about a quarter. The market capitalization of ETH came close to $ 40 billion.

Meanwhile, Reddit users are actively discussing the significant increase in the volume of transactions in the network Ethereum.

As you can see from the diagram, the volume of Ethereum-transactions exceeds similar indicators of the most liquid crypto-currencies combined.

Among traders, Ethereum is the third most popular crypto currency after Bitcoin and Bitcoin Cash. The most active ETH is traded on the largest South Korean exchange Bithumb:

ne of the possible reasons for the rise in the price of the Ethereum crypto currency is the emergence of various instruments of the traditional financial market on the basis of this crypto currency, including bonds and derivatives . Also, positive factors of price growth include the release of the first version of the Casper Ethereum protocol and the reduction of the award for the block from 5 to 3 ETH, which significantly limits the supply of "digital oil" in the crypto-currency market with a sufficiently high demand for it.

Recall, previously the permanent author of ForkLog Andrey Podolyan forecasted the acceleration of the growth of Ethereum after breaking through the mark of $ 380 to the targets of 450, 500 and 700 dollars for 1 ETH.