Ethereum price all-time high follows reduced gas costs and DeFi revival

Ethereum price all-time high follows reduced gas costs and DeFi revival

Mainstream adoption of cryptocurrency continues to reach new highs in 2021 thanks to the growth of popular sectors like decentralized finance (DeFi) and nonfungible tokens (NFTs). 

The explosive growth seen over the past year would not have been possible without the Ethereum network, which saw the price of Ether (ETH) break out to a new all-time high on April 27 following the successful launch of the “Berlin” upgrade on April 15.

ETH/USDT 4-hour chart. Source: TradingView

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