ETH price set a new multi-year high at $4,000 right as Bitcoin price hit a new all-time high.
Ether’s (ETH) price topped the $4,000 level for the first time since December 2021.
Ether climbed from a price of $3,873 on March 8, soaring more than 4% in the last 24 hours and 74% year-to-date, to hit a 27-month at $4,003 on Bitstamp, according to data from CoinMarketCap.
Ether’s price performance appears to be boosted by Ethereum’s upcoming Dencun update and the possible approval of a spot Ether exchange-traded fund (ETF) by the United States Securities and Exchange Commission.