Bitcoin’s little brother, Ethereum, has finally touched the US$1,500 level before retreating as fast as a hand which touched a hot kettle.
Its market cap has exceeded US$165 billion. Much of the trading volume is driven out of Binance, the largest centralized cryptocurrency exchange, on the most popular pair ETH/USDT.
It seems ever since Grayscale announced the resumption of private placement for its Ethereum Trust, the second cryptocurrency by market value has been on a tear.
The crypto world waits in anticipation as well for next week’s launch of CME Ether Futures on February 8.
[ Read more: Top Five Reasons Ethereum May Hit US$5,000 by 2022 ]