Ether prices have climbed back above $300 for the first time in more than two weeks.
The price of the cryptocurrency first crossed the $300 line after 15:15 UTC, according to CoinDesk market data, sliding back below that level an hour later. Ether’s price has traded consistently above $300 since 18:15 UTC.
Ether, the underlying cryptocurrency of the ethereum, has consistently traded below the $300 level since September 12, and today’s move signifes a break in the two-week lull seen since that date. At press time, ether is trading at around $306.
Cryptocurrency markets are on the rise today, with bitcoin trading moving back above $4,000. At press time, the price of bitcoin is trading at an average of $4,159.10, according to the CoinDesk Bitcoin Price Index (BPI).
Other cryptocurrencies have seen price gains during today’s trading session as well. Among those is zcash, which is up more than 25% to trade around $290, CoinMarketCap data reveals, and NEO, which is trading around $31 on an increase of roughly 17%.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Zcash Company.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
https://www.coindesk.com/ether-prices-climb-300-break-two-week-lull/
