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. 1 min read
Ether prices soared on Sunday, trading above $700 for the first time since May 21, 2018.
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.
Mais para você
As bitcoin and gold momentum fades, investor flows are increasingly rotating into AI infrastructure, semiconductor and memory-related equities.
O que saber:
- Bitcoin surged more than 650% between November 2022 and October 2025 before entering a prolonged bear market.
- Gold’s rally peaked months after bitcoin, climbing from $2,000 to above $5,200 per ounce before correcting nearly 20%.
- Memory chip exposure lately has supplanted AI names like Nvidia as the hot-money target, while...
Top Stories
