A few hours to the time of writing, Ether crossed the $4,000 mark for the first time. It also exceeded the $4k price mark to as high as $4,146 to record a new all-time high.
A new all-time high in a new week tells about the good things ahead. The beginning of last week saw ETH reached the $3k milestone, this week is no different.
Traders were expectant of the new all-time high above $4,000 24 hours ago when crypto’s second-largest coin experienced a price hike that saw it rise as high as $3,985 before the bearish takeover.
The current ether price sees it surge in market capitalisation as its current market cap is more than $447 billion. The new market ensures ethereum climb eight spots in the ranking of biggest asset in the world.
Crypto’s second-born is now ranked the nineteenth largest asset as it flips major assets like including Mastercard, LVMH, Walmart and Johnson & Johnson. The new market cap brings ETH closer to flipping JPMorgan Chase.
Ethereum exceeded previous expectations of $3,200 in the first two weeks of May. With the current market momentum, ETH is well ahead to cross the $5,000 before the month’s end. Following the recent price movements, next week may present a new all-time high above $5,000 if the buyers can sustain a price rally above $4,500 before the weekend.
Worthy of mention is Cardano. ADA crossed the $1.80 mark to record a new all-time high above this level. As of the time of writing, ADA ATH is $1.82 according to Coingecko as it surged by more than 30% in the last seven days.
The endgame of the buyers for ADA is $2 before the month’s end. A steady rally above $1.85 will see Cardano race past the $1.9 mark and exceed $2 after a few failed attempts.
At the time of writing, ADA is trading above $1.80, a further slip below this pivot point may result in a delay of trading above $2.
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