reported on January 4 that after Bitcoin broke $ 30,000 in one fell swoop, the second cryptocurrency, ETH, also started showing a strong uptrend. Market data shows that ETH broke the $ 1,000 mark at 7:30 this morning, setting a new high since February 2018.
According to the market, ETH demonstrated its operational capabilities at 9:00 p.m. on the 3rd. Its price went up from US $ 831 to US $ 888, breaking through 5 integer dividers in one hour. Since then, market investment interest has been high, and prices have steadily risen above US $ 900, reaching a maximum of US $ 937 a day.
After gaining a foothold at $ 930, ETH surged sharply at 6 o'clock this morning, and the price exceeded $ 990, increasing nearly 5% in an hour. After 30 minutes, the cryptocurrency officially stands at $ 1,000, reaches a maximum of $ 1,010, and its market value exceeds $ 100 billion, accounting for 12.83% of the total cryptocurrency market value.
At the same time as ETH prices go up, the average transaction fees also go up. As of January 3, Ethereum's average transaction fees reached 9,037 US dollars, surpassing Bitcoin (8,055 US dollars) and approaching last September levels. At that time, affected by the DeFi boom, Ethereum chain activity occurred frequently, network congestion increased, and the average transaction fee surged, reaching up to $ 14.
As BTC and ETH have risen sharply, "altcoins" such as BCH, BSV, LTC, and ADA have also achieved impressive gains.
In terms of DeFi tokens, UNI, AAVE, and SNX all gained nearly 10% in a day, and the prices of the last two hit their highest levels since their issuance.
At press time, ETH was quoted at US $ 967, an intraday increase of 5.5%.