Share this article
Ether Tops $4.2K, Eyes Record High
Ether looks north, having breached a five-month downtrend line
Updated May 11, 2023, 4:39 p.m. Published Oct 21, 2021, 6:55 a.m.
The cryptocurrency hit five-month highs of over $4,200 earlier today, extending Wednesday’s 7.3% gain – the biggest since Oct. 1. The price chart shows the path of least resistance is to the higher side, and record highs could soon come into play.
- Ether has convincingly breached the bearish trendline connecting May and September highs. Bitcoin topped similar resistance earlier this month and clocked new record highs of over $66,000 on Wednesday.
- Ether has also flipped the September high of $4,030 into support.
- There is little resistance overhead on the way to $4,379 – the record reached in May.
- The relative strength index (RSI) on the 4-hour chart is signaling overbought conditions with an above-70 print. So, a pullback to former hurdle-turned-support at $4,030 may be seen before a continued rally to lifetime highs.
- The options market is leaning bullish, with investors buying out-of-the-money or higher strike call options on expectations that U.S. regulators would soon approve an exchange-traded fund (ETF) tied to ether futures contracts.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
State Street and Galaxy to Launch Tokenized Liquidity Fund on Solana in 2026
The fund will run on Solana at launch and use PYUSD.
What to know:
- State Street and Galaxy plan to launch SWEEP in early 2026, using PYUSD for around-the-clock investor flows on Solana.
- Ondo Finance committed about $200 million to seed the tokenized liquidity fund, which will later expand to other chains.
- The firms say the product brings traditional cash-management tools onto public blockchains for qualified institutions.
Top Stories
