ETH Jumps Above $730

After lagging behind bitcoin during the recent bull market we saw ETH peak just shy of $740 overnight. This is the first time since 2018 ETH has seen these prices. Catalysts for the move include spillover from Bitcoin’s growing acceptance as an institutional treasury asset and the launch of ETH futures by the CME in February 2021. As the DEFI landscape matures ETH should also see upward pressure in price from demand for use as collateral.