Bitcoin and most cryptocurrencies have been on a tear since the beginning of the year. The price of Bitcoin, for example, has climbed from $1400 in January to a high of $6500 in June. Ethereum, on the other hand, has been trading slightly lower than Bitcoin, at around $600. That may be changing, though. Ethereum has been closing 13 consecutive daily green candles, closing in on the all-time high of $742 set in late May. If it closes the green today, Ethereum will have matched the Bitcoin all-time high of $2000 in 2013. That’s a big deal.
The leading altcoin posted Sunday’s biggest gain in nearly two years, adding another $5.37 to its price tag following a 13-day streak of green candles. It appears the bear market that’s been gripping cryptocurrency markets for the past few months is finally losing steam. With the same cryptocurrency dominating almost every market segment, it’s no surprise that Ethereum has been on the front lines of this recent bull run.
Ethereum outperformed Bitcoin by closing 13 daily green candles in a row. Here’s how it works:
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The second-largest cryptocurrency by market capitalization outperforms Bitcoin’s 10-day green run on the heels of the upcoming London hard fork.
2 minutes read Samuel Wan on August 3, 2021 at 8:00 p.m. UTC
Ethereum has now closed 13 consecutive daily green candles, the greatest run in its six-year existence.
The rising price trend came to a stop today, as ETH dropped 5% in the early hours of Tuesday morning, as it did with everything nice (GMT).
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