Ethereum price have skyrocketed to new heights. It’s no secret that Ethereum prices have been on an upward trajectory in recent weeks. After CME launched Micro ETH Futures, the cryptocurrency continued its relentless climb with each new high reached.
ETH Price Hits All-Time High
Ether prices continued to climb today, breaking through $4,600 for the first time.
As of writing this article, Ether is currently trading at an all-time high and has shown no signs of slowing down anytime soon, with investors flocking towards their investment opportunity.
Ethereum is climbing higher than before, with a 4% increase in the last 24 hours. With such high trading volume, we will likely see even more growth this week.
The Ethereum price is up 4.68% in the last 24 hours, trading at $4,602 with a total volume of close to 20 billion dollars over that same period.
As the cryptocurrency market continued to grow, one of its most valuable assets also saw an increase. In that case, ETH Price climbed past $4,600 on Wednesday for the first time.
This is despite CME Group announced plans that would make it possible investors may soon trade micro futures contracts pending regulatory review.
By introducing these contracts, the risk of speculation can be hedged, and higher returns are possible.
According to Tim McCourt
“Since the launch of Ether futures in February, we have seen steady growth in liquidity in these contracts, especially among institutional traders. At the same time, the price of Ether has more than doubled since these contracts were introduced, creating demand for a micro-sized contract to make this market even more accessible to a broader range of participants.”
Micro Ether and Micro Bitcoin futures allow traders to trade crypto assets with the precision of their choosing.
As Ethereum (ETH) and bitcoin have hit all-time highs recently, navigating this space can be difficult for those unfamiliar with these new concepts in trading algorithms.