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Ethereum strikes back with a fresh all-time high as Bitcoin investors prepare for another strong November

While the price of Ethereum has increased and reached a new record high on Tuesday, predictions remain positive for the Bitcoin in November (Image: Executium)
While the price of Ethereum has increased and reached a new record high on Tuesday, predictions remain positive for the Bitcoin in November (Image: Executium)
After the second biggest cryptocurrency in the world arguably also played the second fiddle in the crypto news over last couple of weeks, Ethereum has now posted strong gains and reached a brand new all-time high. Crypto investors meanwhile predict a good November as the Bitcoin enters its historically strongest month of the year.

The crypto market has produced an abundance of exciting news over the last few weeks: From the surging Bitcoin and Shiba Inu Coin, to the sketchy Squid Game cryptocurrency which unfortunately turned out to be a total scam. However, the second biggest cryptocurrency in the world, Ethereum, has not made too many crypto news headlines recently.

But while the prices of many of the most notable cryptocurrencies have been more or less flat over the last few days, Ethereum was able to post continuous gains and therefore reached a new all-time high on Tuesday. After the Ethereum price increased by another 4% in the last 24 hours, for the first time ever one ether is now worth more than US$4,500. With a market cap of around US$530 billion, Ethereum remains the second most valuable cryptocurrency in the world.

Some crypto experts meanwhile describe the current situation on the cryptocurrency market as the "calm before the storm", and this prediction is not exactly unfounded. From a historical perspective, November is for example the strongest month of the year for Bitcoin, which was able to gain an average of 53% during November since 2011. One bitcoin is currently priced at US$63,400. As always, such price predictions for Bitcoin, Ethereum and all other cryptocurrencies should be treated with an appropriate amount of caution.

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Disclaimer: This article is for informational purposes only and does not include any kind of investment advice.

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Enrico Frahn
Editor of the original article: Enrico Frahn - Tech Writer - 932 articles published on Notebookcheck since 2021
My fascination for technology goes back a long way to the Pentium II era. Modding, overclocking and treasuring computer hardware has since become an integral part of my life. As a student, I further developed a keen interest in mobile technologies that can make the stressful college life so much easier. After I fell in love with the creation of digital content while working in a marketing position, I now scour the web to bring you the most exciting topics in the world of tech. Outside the office, I’m particularly passionate about motorsports and mountain biking.
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 11 > Crypto news | Ethereum strikes back with a fresh all-time high as Bitcoin investors prepare for another strong November
Enrico Frahn, 2021-11- 2 (Update: 2021-11- 3)