Today, Ethereum (ETH) reached its highest level in more than seven months. The price of Ethereum passed the $273 mark during another bullish rally.
Ethereum, the world’s second largest cryptocurrency by market cap, reached it highest level in over 7 months on Wednesday. The last time Ethereum traded above this price was on September 4, 2018.
After the amazing rally that Bitcoin has seen over the past 2 weeks, several altcoins have now also started to show signs of a bull run. Out of the top 100 cryptocurrencies by market cap, Ethereum is one of the biggest movers with a 54% increase in one month.
In the last four days, the digital asset moved from $185 to $273, an increase of $88 in total (47,5%). Ethereum now has a market capitalization of $28.4 billion, according to data from CoinMarketCap.
One of the main reason that contributed to the strong rally of the Ethereum price, is the confirmation from Samsung that the digital asset will supported on the additional Galaxy smartphone models.