Ether (ETH) returned to $ 4,000 for the first time since May on September 3, when a solid week of gains culminated in a major price milestone.
Against $ 600 monthly gains, the pair hit historic levels it lost in the dramatic reversal that rocked the cryptocurrency market about three months ago.
In this way, Ether broke out of its three-month trading zone, with $ 4,025 just $ 350 away from all-time highs.
In terms of weekly performance, Ether was ranked third among the top 10 cryptocurrencies by market capitalization, behind Solana’s SOL and Polkadots DOT tokens.
Bitcoin (BTC) also benefited from its own fresh strength, reaching critical resistance at $ 51,000.
How long can the good times last?
Ether’s successes have given the cops cause for celebration, but the move has also generated some murmurs from critics.
With gas fees still causing frustration among traders, there was a sense of inequality when even actress Reese Witherspoon announced she had invested in ether.
Welcome aboard Reese! https://t.co/1crjCmi1Nv
– Tyler Winklevoss (@tyler) September 2, 2021
However, by and large, opinions were unanimous that the final months of 2021 could mimic the onslaught of the end of 2013 and 2017.
“No matter when exactly it comes, the next few months will probably be beyond what most of you can imagine, but one day the music will stop during all this mania,” the popular Twitter account Lark Davis summed up in his own Thread on the current crypto bull market.
Related: Does Ethereum’s rally signal the next period of bull market for Bitcoin above $ 50,000?