Ethereum Price Approaches All-Time Highs

Last week it was Bitcoin (BTC). And now fellow crypto heavyweight Ethereum (ETH) looks set to join BTC at all-time highs:

The second most popular crypto has risen 21.3% in the past week alone — a faster rate than bitcoin’s rise. At time of writing, it is valued at AU$485 and honing in fast on the key AU$505 level.

Notably, the price change seems, at least in part, driven by enthusiastic trading in South Korea.

I’m not sure if the current global tensions with North Korea have anything to do with the recent enthusiasm for cryptocurrencies in South Korea, but the trading volumes here have certainly exploded in recent months.

Take Ripple (XRP) for example…

While the price of XRP was increasing strongly off of last week, more than 70% of its trade volume was being transacted on South Korean exchanges.

Bitcoin Cash (BCH) and Monero (XMR) have seen similar volume spikes from South Korean exchanges in the last two weeks. Big price rises supported by huge South Korean trading volumes.

Elsewhere, prices across the crypto board have continued to rise over the past 24 hours….

Litecoin Price: $82.08 +2.57%

Bitcoin Price: AU$5,746 +3.91%

Ethereum Price: $424.36 +3.71%

Ripple Price: $0.2877 +4.39%

Bitcoin Cash Price: $735.39 +6.68%

Dash Price: $466.17 +3.71%

With interest growing around the world, there has never been a better time to learn more about the incredible potential with cryptocurrencies. But there are some very real risks for investors. Don’t invest until you’ve read Sam Volkering’s latest special report.

Regards,

Ryan Dinse,

Money Morning


Ryan Dinse is an Editor at Money Morning.

He has worked in finance and investing for the past two decades as a financial planner, senior credit analyst, equity trader and fintech entrepreneur.

With an academic background in economics, he believes that the key to making good investments is investing appropriately at each stage of the economic cycle.

Different market conditions provide different opportunities. Ryan combines fundamental, technical and economic analysis with the goal of making sure you are in the right investments at the right time.

Ryan's premium publications include:


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