Ethereum's Ether Price Climbs Above $80 to Set All-Time High
Ether prices have climbed above $80 per token for the first time, setting a new all-time high.
May 1, 2017 at 1:30 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WDTTSB3PFRCU7LCTEA5NTVZ4AU.jpg)
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Ether prices have climbed above $80 per token for the first time, setting a new all-time high.
Prices are currently averaging about $81, according to available data.
Thus far, markets are continuing a trend seen in late March, with bullish sentiment appearing to establish a floor beneath the digital currency’s price. That sentiment seemed to have been buoyed last week amid news that the US Securities and Exchange Commission (SEC) is weighing up whether to approve an exchange-traded fund linked to ether.
As CoinDesk reported last week, the SEC has officially begun assessing a proposal initially put forward last July to create an ‘EtherIndex Ether Trust’. The scheme's backers are seeking to have the ETF listed on the NYSE Arca exchange.
Hot air balloon image via Shutterstock. Price chart via CoinMarketCap.com
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