The ETH/USD closed at 2088.9 after placing a high of 2103.62 and a low of 1946.54. ETH/USD continued its bullish streak for the sixth consecutive session on Friday and reached above 2100 level. Ethereum crossed the key level of $2000 on Friday and even reached above the $2100 level for the first time in its history. The recent all-time high prices could be attributed to the popularity of cryptocurrency in the market that drove the king of cryptocurrencies, BITCOIN, above its all-time high level of $60,000 on Friday.

The rising prices of Bitcoin also pulled the Ethereum prices with itself, and ETH reached its ATH in 2021 to above the $2100 level. While Ethereum prices were placing new highs, the miners on the networks were pulling great profits. Etherscan suggested that the ETH highest average Hash Rate was recorded on April 3rd with 493,933. The Hash Rate of Ethereum climbed over 750 Mega hash per second.

The Ethereum rally was also supported by the recent announcement from a high-profile company Visa that allowed its users to use USDC on the Ethereum blockchain network to settle transactions. The increased adoption by retailers and big institutions and the major payment platforms boosted the prices of cryptocurrencies, including Bitcoin, Ethereum, and other coins. The latest rise in Ethereum to its ATH level came amid the crypto market frenzy. The upcoming upgrade of the Ethereum Network that is expected to reduce the high gas fees of the network has also improved the outlook of Ethereum that is also adding to its value.