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Ethereum's Ether Price Climbs Above $80 to Set All-Time High
Ether prices have climbed above $80 per token for the first time, setting a new all-time high.
Ether prices have climbed above $80 per token for the first time, setting a new all-time high.
STORY CONTINUES BELOW
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Data from Poloniex, the digital currency exchange that sees the most bitcoin-denominated trade for the ethereum-based cryptocurrency, suggests the price rose as high as $84 during morning trading. The news comes just days after ether passed $60 on 27th April, setting a previous high.
Prices are currently averaging about $81, according to available data.
Thus far, markets are continuing a trend seen in late March, with bullish sentiment appearing to establish a floor beneath the digital currency’s price. That sentiment seemed to have been buoyed last week amid news that the US Securities and Exchange Commission (SEC) is weighing up whether to approve an exchange-traded fund linked to ether.
As CoinDesk reported last week, the SEC has officially begun assessing a proposal initially put forward last July to create an ‘EtherIndex Ether Trust’. The scheme's backers are seeking to have the ETF listed on the NYSE Arca exchange.
Hot air balloon image via Shutterstock. Price chart via CoinMarketCap.com
Stan Higgins
A member of CoinDesk's full-time Editorial Staff since 2014, Stan has long been at the forefront of covering emerging developments in blockchain technology. Stan has previously contributed to financial websites, and is an avid reader of poetry. Stan currently owns a small amount (<$500) worth of BTC, ENG and XTZ (See: Editorial Policy).
