Share this article
Ether Trades Above $700 for the First Time Since 2018
Ether is up over 11% in the past 24 hours.
Updated Sep 14, 2021, 10:48 a.m. Published Dec 27, 2020, 4:03 p.m.
Ether prices soared on Sunday, trading above $700 for the first time since May 21, 2018.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The native currency of the Ethereum network's break above $700 marks an 11% gain in just 24 hours.
- Ether was as low as $624.76 in the 11:00 UTC (6:00 a.m. ET) hour, just five hours before trading at $700.
- The second-highest cryptocurrency by market cap, the total value of ether was $80 billion as of press time.
- Bitcoin has also been rallying over the Christmas weekend, at one point piercing the $29,000 mark. It was trading in the $27,300 range when ether made its move higher than $700.
- Volume was noticeably higher on the eight exchanges tracked by the CoinDesk 20. The combined value of ether changing hands on those exchanges was more than $2.3 billion. The average daily volume was $2.175 billion over the previous seven days.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Price-action of dog memecoins dogecoin, shiba inu muted amid thin holiday liquidity
The market remains technical, with DOGE and SHIB's movements reflecting broader risk sentiment and liquidity conditions.
What to know:
- Dogecoin and Shiba Inu both declined, with DOGE at $0.123 and SHIB at $0.000007165, as broader crypto market struggles continued.
- DOGE is trading within a tight range, needing to hold above $0.122 to avoid further declines, while SHIB has already broken key support levels.
- The market remains technical, with DOGE and SHIB's movements reflecting broader risk sentiment and liquidity conditions.
Top Stories
