Ethereum Price Reached on the Highest Value of it's Last 8 Month. As the price of Bitcoin is increasing every day parallel to this Ethereum price also increasing now.
The ethereum price surged as high as $281.77 on Thursday, launching ETH to an eight-month high.
The bitcoin price, as CCN reported, doubled during a breakneck 45-day bull run, bringing its gains for 2019 to an impressive 119.26%.
Investor put their money in Ethereum main investments from Microsoft and JPMorgan, each of whom has interfaced with ethereum to various degrees.
The inverse correlation signified that bitcoin investors were hedging into the ether market, a theory further validated by ETH’s 16% appreciation against bitcoin in the last 24 hours, as shown in the chart below.
