Ether Hit a New All-Time High of $2,735 April 28, 2021 April 28, 2021 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Ethereum NewsApril 28, 2021 by Kelly Cromley

Ether Hit a New All-Time High of $2,735

The price of Ether (ETH) hit a new historical high of $2,735, as per data provided by, earlier today on news that the European Investment Bank is coming up with the sale of a “digital bond” utilizing the Ethereum blockchain network. Ether (ETH) continues to trade near the all-time high recorded in the Asian session, reflecting another round of price rally. shows a gain of 7% in the last 24 hours and 15.7% in the last seven days for the second largest cryptocurrency by market capitalization. The latest rally has increased the ETH market capitalization to a historical high of $312 billion.

Even though there are several factors that are leading to another price rally, Reuters today has specifically highlighted the decision of the European Investment Bank in rolling out a “digital bond” sale utilizing the Ethereum network.

Specifically, the EIB is selling a two-year €100 million ($120.80 million) digital bond, and the sale is led by Banco Santander, Goldman Sachs, and Societe Generale, as per analysts at Bloomberg.

Last Friday, Societe Generale revealed that its subsidiary, Societe Generale SFH, had sold a €100 million bond in the form of a security token via the public Ethereum blockchain. The tokenized bond has been awarded with the top triple-A rating by Moody’s and Fitch.

Danny Kim, chief of revenue at cryptocurrency broker SFOX, informed Reuters that the news has evidenced another institutional usage for Ethereum, further stating that exchange balances are also declining, which is yet another reason for bullish scenario:

“The amount of Ethereum sitting on exchanges continues to drop lower and has been the lowest in the past year. With less supply on exchange available, there’s less likely a chance of a major sell-off.”

Resurgence in Defi-linked covenants and tokens, associated with a drop in gas prices, could also be increasing momentum. While writing this article, the gas fee for confirming a transaction on the Ethereum network had declined to $10.73, as per BitInfoCharts.

Sherpa, one of the renowned cryptocurrency analyst, is predicting that Ether would eclipse Bitcoin (BTC) in the weeks ahead and hit $3,000.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.