Ether Hits All-Time High Price Above $2.7K After Rallying 19% in 3 Days

The price move extends the second-largest cryptocurrency's stunning rally this year: It has tripled already in 2021, amid trader enthusiasm over growth in blockchain applications.

AccessTimeIconApr 27, 2021 at 6:47 p.m. UTC
Updated Aug 16, 2021 at 10:34 a.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Ether (ETH) rose Wednesday to a record high price above $2,700 after a powerful three-day rally.

The price of ether, the native cryptocurrency of the Ethereum blockchain and the second-biggest overall, climbed to as high as $2,718 around 1:00 coordinated universal time (9 p.m. ET), based on CoinDesk data. As of press time, ether was changing hands around $2,640, up 5.6% in the past 24 hours.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • The new high came after three straight daily gains totaling 19%. The move extended the cryptocurrency's stunning rally this year: It has tripled already in 2021, amid trader enthusiasm over growth in blockchain applications like decentralized finance (DeFi) and non-fungible tokens. Bitcoin (BTC), by comparison, is up 89% this year.

    “Ether has picked up its head, and looks poised for a few more days of outperformance,” said Katie Stockton, a technical analyst for the consulting firm Fairlead Strategies.

    UPDATE (April 28, 2021, 3:13 UTC): Updated story with new high above $2,700

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.