The ETH/USD closed at 2117.88 after making a high of 2149.04 and a low of 2042.25. ETH/USD continued its bullish streak for the 8th consecutive session and reached its ATH near $2150 on Tuesday. The second-largest cryptocurrency by market capitalization after Bitcoin has risen more than 40% in the previous eight days. Since the start of this year, ETH has generated about 186% returns so far and this return is even bigger than the return from Bitcoin which is 102%.

The value of the whole cryptocurrency market reached $2 trillion for the first time, and this was driven by the continuous rally in the second-largest crypto coin in the world, Ether. According to a price-tracking website, the crypto market’s market capitalization doubled in just two months due to the increased interest of retail and institutional investors.

The largest currency in the digital market is Bitcoin, which accounts for about 50% of digital currency’s entire market capitalization. This year alone, Bitcoin has seen an increase of 100%. Last month its price reached an all-time high (ATH) of $60,000. However, the recent rise in the entire market cap was driven by the continuous rally in Ether.

On the USD front, at 18:37 GMT, the IBD/TIPP Economic Optimism from the US remained flat with the projections of 56.4. At 19:00 GMT, the JOLTS Job Openings for February raised to 7.37M against the forecasted 6.91M and supported the US dollar. The greenback fell to a near 2-week lowest level on Tuesday at 92.32 and supported ETH/USD prices.