ETH/USD closed at 2747.41 after placing a high of 2747.41 and a low of 2669.98. Ethereum rose and extended its gains for the fourth consecutive session on Wednesday and reached above the $2700 level for the first time. It reached a new all-time high during the Asian trading on Wednesday following bullish news from European Banks. The European Investment Bank (EIB) issued 100 million Euros in bonds on the Ethereum blockchain.

The investment and development arm of the European Union, EIB’s inaugural Ethereum-based bond sale consists of 100 million Euros in a 2-year note. This was not the first time that an investment bank-issued bonds on the Ethereum blockchain. On April 23rd, Societe Generale announced that it had issued a 100 million Euros covered bond as a security token on the public Ethereum blockchain. The news that EIP issued a 2-year 100-million euro digital bond with the sale to be led by Goldman Sachs, Banco Santander, and Societe Generale added strength to ETH/USD and pushed it to a new all-time high level above $2700.