Is it possible that Ether (ETH), the cryptocurrency of the Ethereum Network, reach a new historical maximum this week or, even, this same Tuesday, August 12?
At the close of this report, the price of ETH is $ 4,400, marking a 3.8% rise so far this day. This can be seen in the following graph of TrainingView. Overcoming the $ 4,891 would allow ETH to establish a new historical record, last seen in 2021.
Ether’s increase was promoted on Tuesday by different factors, including the announcement of the Bitmine Immersion company, which It will borrow for USD 20,000 million to buy more ETH.
That same company acquired 397,000 ETH on August 10, being one of the largest purchases made by the company that, in once, was dedicated to Bitcoin mining.
ETH has shown a remarkable rebound this year, with 31% increases since January. This has responded to the growing adoption of cryptocurrency by institutions and corporations, which integrated this asset as part of their treasury. Until now, there are at least 72 entities of different types that ETH use as a value reserve.
