Ethereum, The second-largest cryptocurrency has quietly scored another all-time high on Binance exchange this time soaring above the $1,800.
It’s new all-time-high recorded by coinmarketcap is $1,815 and presently it is trading around $1,750. (09/02/2020, 11.00 AM CET)
The price surge has been driven by the launch of Ethereum futures on CME (Chicago Mercantile Exchange) on Feb. 8 (77 contracts were traded upon the launch yesterday) and Bitcoin hitting two all-time highs in a row: $44,800 on Monday and $48,000 earlier today.
After passing all-time highs of its own last week, the largest altcoin has received its own dedicated Ether futures from CME Group.
With the help of professional traders and institutions, ETH is also reaching new heights along with BTC.
Though excitement was already clearly visible on the market over the past week as Grayscale added to a buying frenzy that sent ETH/USD above $1,750.