On Wednesday, February 3, the rate of the second largest capitalization broke through the level of $ 1600, setting a new price record.
This happened amid relatively low trading volumes (Bitstamp exchange).
The total value of the cryptocurrency exceeded 180 billion, the dominance index rose to 16.1% (according to CoinGecko).
Ethereum surpassed the $ 1500 mark on February 2.
In January, venture capital firm Variant investor Spencer Noon listed 11 metrics that, in his opinion, indicated a continuation of the cryptocurrency rally. At that time, on January 19, the price broke the $ 1400 level.
Analysts at Glassnode previously noted that large coin holders are creating upward pressure on the Ethereum price.
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