Great news for ETH fans. This altcoin reached the maximum, taking gains this year to almost 500% as a result of boosting interest in DeFi apps and digital assets.
ETH, the second-biggest digital asset by market volume, reached $4,372.35.
It is an altcoin launched for the Ethereum ecosystem and can be utilized as a tradable currency. It can also be used to pay for items. However, Ether can be used to power certain features within dApps. For example, when creating a token on the ecosystem or using a smart contract the developer or user must pay the network in ETH.