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What’s powering Ethereum’s (ETH) new all-time high of $4,400? What’s powering Ethereum’s (ETH) new all-time high of $4,400?

What’s powering Ethereum’s (ETH) new all-time high of $4,400?

The asset powering the worldโ€™s most-used blockchain is seeing increased demand from both retail and institutional investors.

What’s powering Ethereum’s (ETH) new all-time high of $4,400?

Cover art/illustration via CryptoSlate

Ethereum temporarily traded above $4,400 this morning, breaching its previous all-time high of $4,390 before resistance saw it fall to the $4,313 level.

ETH trades above its 34-period exponential moving average at press time and forms higher lows and higher highs, showing a bullish trend from the $3,000 level remains intact.

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