Ether price is attempting to conquer $2,000 as the Ethereum blockchain is seeing increasing demand.
Bitcoin’s price is in uncharted territory while its volatility remains high.
Ethereum broke the $200 billion market cap mark, surpassing secular companies such as Novartis and AT&T.
“We are at all-time-highs territory [and] the market still has to make up its mind” about next resistance or supporting levels, says one broker.
The market is bullish on both cryptocurrencies, for different reasons.
With all this bullish bitcoin activity, the ETH/BTC pair has gone bearish, a sign traders are selling ether for bitcoin.
Bitcoin and ether had record-breaking days while trending more together.
DeFi and the prospect of trading futures have crypto investors scooping up ETH.
The amount of crypto in USD values locked in decentralized finance has reached $32.8 billion, a new high.
Bitcoin has been trending higher for two days but ether is in the spotlight now.