Ethereum Breaks Through $400, Reaches All-Time High

Following a rapid increase this Thursday, Ethereum has broken through a psychologically important threshold of $400, establishing a new all-time high - it hovers around $420 at press time. Despite some market stagnation caused by the news of the $280 mln Parity wallet hack in early November, the second-most-popular cryptocurrency looks stronger than ever. This most recent move comes after a similarly positive dynamic on Bitcoin, which has seen it stabilize firmly above $8,000 - it is generally accepted that most cryptocurrencies often follow the direction of BTC price. Ethereum has also had positive news of its own, like the announcement of the first-ever regulated bond based on the coin.

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