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Markets

Ether Prices Climb Above $300 to Break Two-Week Lull

Ether prices have climbed back above the $300 level for the first time in more than two weeks. 

By Stan Higgins
AccessTimeIconSep 27, 2017 at 9:10 p.m. UTC
Updated Sep 13, 2021 at 6:58 a.m. UTC
climb

Ether prices have climbed back above $300 for the first time in more than two weeks.

The price of the cryptocurrency first crossed the $300 line after 15:15 UTC, according to CoinDesk market data, sliding back below that level an hour later. Ether's price has traded consistently above $300 since 18:15 UTC.

Ether, the underlying cryptocurrency of the ethereum, has consistently traded below the $300 level since September 12, and today's move signifes a break in the two-week lull seen since that date. At press time, ether is trading at around $306.

Cryptocurrency markets are on the rise today, with bitcoin trading moving back above $4,000. At press time, the price of bitcoin is trading at an average of $4,159.10, according to the CoinDesk Bitcoin Price Index (BPI).

Other cryptocurrencies have seen price gains during today's trading session as well. Among those is zcash, which is up more than 25% to trade around $290, CoinMarketCap data reveals, and NEO, which is trading around $31 on an increase of roughly 17%.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Zcash Company.

Image via Shutterstock

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.