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All-Time High: Ether Prices Pass $440 as Key Level Breached
Having hit a fresh all-time high of over $440 today, could high trading volumes push ether to new records over the weekend?
Updated Sep 13, 2021, 7:11 a.m. Published Nov 24, 2017, 2:05 p.m.
The price of ether, ethereum's native token, is on a roll.
Soon before press time, the ether-U.S. dollar (ETH/USD) exchange rate had reached a fresh all-time high of $444. As per CoinMarketCap, the world's second largest cryptocurrency has appreciated by 11 percent in the last 24 hours.
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jumped to $1.845 billion yesterday – the highest since Sept. 15. A high volume rally indicates strong hands are at play and more records could be set over the weekend.
Again, South Korean desks are firing on all cylinders. Volumes in the ETH/KRW pair offered by Bithumb, one of the largest cryptocurrency exchanges in the country, have gone up by 13.57 percent today.
The price action analysis indicates scope for a rally to $460-$470 levels in the short-term.
1-hour chart
- The above chart shows a bull flag breakout, which is a continuation pattern – i.e. an upside break of the flag as seen above signals continuation of the rally.
- As per the measured-height method, a bull flag breakout has opened the doors for $480 levels (flag height added to the breakout level).
Daily chart
The chart above shows:
- The next major resistance is seen at $465.90 (127.2% Fibonacci extension).
- The relative strength index (RSI) shows overbought conditions.
Weekly chart
The above chart shows:
- A bullish symmetrical triangle breakout. This is a continuation pattern – i.e. an upside break indicating the bull run has resumed. In ether's case, it signifies that the rally from the lows near $10 has resumed.
- The RSI is close to the overbought territory, however, it is well short of the extreme overbought levels seen in June. Thus, there is plenty scope for a further rally in prices.
View
Ether looks set to test resistance levels of $465.90-$480 and could extend the rally to $500 levels in short-term.
Technical pullbacks, if any, are likely to be short-lived. Only a sustained move below the 10-day MA would signal the rally has run out of steam.
Rollercoaster image via Shutterstock
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What to know:
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- 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.
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The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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