Ethereum Price Forecast – Bullish Bias Continues to Dominate, Brace for Buying!
Arslan Butt • 2 min read
ETH/USD closed at $3427.54 after placing a high of $3427.54 and a low of $2952.01. ETH/USD extended its gains and rose for the ninth consecutive session on Monday and reached a new all-time high (ATH) at the $3427 level. Ethereum, the second-largest cryptocurrency by market cap and biggest rival to Bitcoin, surpassed the key $3000 milestone on Monday. The cryptocurrency rose surprisingly higher on Monday as the dominance of Bitcoin started reducing.
The rising prices of Ethereum made the co-founder Vitalik Buterin the youngest crypto billionaire as he reportedly holds over 330 thousand ETH, which amounts to more than $1 billion. The recent surge in Ethereum prices over the past four months has been associated with the success of digital collectibles and the NFT boom, along with the rise in DeFi products that are popular on the network.