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Ethereum exchange rate updated its historical maximum several times in one day

By: Maksim Panasovskiy | 08.11.2021, 20:52

Apparently, the digital currency market is booming for the second time in 2021. In spring, all major cryptocurrencies consistently hit all-time highs, then there was a sharp drop, and now prices are going up again. Ethereum updated its all-time high several times during the day on November 8.

The second most popular digital currency increased in price by about 4% during the day. Now its value is $4,778 (20:50 Kyiv time), but just a few hours ago one Ethereum coin was worth $4,795.66.

The Ethereum exchange rate was predicted to fall significantly ahead of the release of the London update, which completely changed the mechanism for charging commissions. Despite this, Ethereum has been steadily rising since September 29. Since then, the digital currency has risen by nearly 75%.

Source: CoinMarketCap

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