The Ethereum cryptocurrency reached USD 4,948 on August 24, after a daily rise of 4%. In the last 24 hours Ether rose 4%. The price of Ether (ETH), the native currency of the Ethereum protocol, reached $ 4,948 on August 24, marking a new historical maximum (ATH). It is the first time that the asset exceeds the $ 4,900 barrier. ATH occurred after a increase of around 4% in the last 24 hours, According to TrainingView data:
Ether chart in daily candles. Source: TrainingView. On August 24, the price of Ether dawned in the $ 4,776 and fell to a minimum of $ 4,719 prior to climbing until its new ATH. Among other factors, there are three that explain the current ETH rebound. First, an increasing number of companies are incorporating Ether in their corporate treasury, as a form of diversification and value reserve. Secondly, activity records in the Ethereum network mark record figures in, which reflects a greater demand for assets to pay commissions or interact with intelligent contracts. Finally, the behavior of ETH holders has also played a key role. The act of the short -term holders of conserving their coins coincides with a rise in the price of Ether. The combination of these foundations has led ETH to touch for the first time $ 5,000, a level that Ethereum's currency still did not transfer.