The crypto markets were in high spirits as almost every coin was seen aiming for a new all-time high. Ethereum [ETH], not only made its way over $2,000 but also went on to record a new high. While the altcoins were shinning, Bitcoin [BTC] seemed to have taken a backseat. The king coin has remained intact at $59K and hasn’t exhibited significant volatility over the past couple of days.
This week proved to be highly beneficial for the altcoin as it managed to secure gains of about 24.62%, which further acted as fuel to help the coin achieve an all-time high of $2,152.45. However, at the time of writing, ETH was seen retracing as it was trading for $2,098 with a 4.56% rise in the last 24-hours.
The market cap of ETH was seen aiding the overall market’s journey towards $2 trillion. ETH remained untethered as the second-largest cryptocurrency with a market cap of $244.84 billion.
Ethereum [ETH] One-Day Price Chart On Binance
On ETH’s one-day price chart it was affirmed that the asset was in for an uphill journey. The Parabolic SAR indicator with dotted lines below the candlesticks announced the presence of bulls by negating the chances of a downward breakout. The MACD line prolonged its stay over the signal line further retaining its bullish crossover.
Additionally, the Relative Strength Index indicator was noted exerting strong buyers’ sentiment on ETH’s price chart.
Ethereum Bags Shark Tank’s Mark Cuban As Its Latest Supporter
Appearing in the recent episode of the Delphi Podcast revealed his stance on the top two cryptocurrencies. While comparing Bitcoin to gold, Cuban pointed out that Ethereum [ETH] was closer to being a real currency as opposed to BTC. He added,
“With Bitcoin, you could do transfers. And that was great. Right. And it was a store value and that was awesome. It’s a better alternative to gold, which is phenomenal. It’s taking money away from gold and it’s going to continue. And that’s why I own Bitcoin, but that’s one thing, that’s not really where it compares to the Internet.”