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World's Second Largest Cryptocurrency Ethereum Hits New All Time High

Ether Hits $2850 on 1st May 2021

After closing one more green monthly candle, the world's second largest cryptocurrency made a new all time high of $2850 with the start of the new month on 1st May 2021. Ether made six consecutive green monthly candles and at the time of writing it is trading at $2851 with the total crypto market cap share of around $15%.

In 2021, Ethereum has given more returns than Bitcoin. Many factors contributed to this really but few major factors played the key role. One of the important reasons is the launch of ETH 2.0 and recently European Investment Bank launching a "digital bond" sale using the Ethereum network. Short supply on crypto exchanges and increasing institutions interest also moving the ether price up. #Ethereum #ETH


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