The Price of Ether Hits Highest Level Since November 2022
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Ether, the second largest crypto in terms of market capitalization, has exceeded $1,400 for the first time since the beginning of November 2022.
The largest altcoin strengthened to $1,432 last night and its capitalization increased to $174.919 billion.
Recall Ether crashed to $1,092 in November as a result of the volatility caused by the crash of FTX. Support increased in the area, with many analysts claiming that the coin had bottomed out.
The upward trend resumed after another strong fall in mid-December, caused by a tightening of the Fed’s policy.
The price of Ethereum has soared by almost 15% over the past week.
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