Ethereum (ETH) continues on its upward march, adding more than 50% to its price in the past week, and rising more than 17% overnight this Thursday. ETH traded at $259.29 as of 6:15 UTC, breaking Wednesday’s highs of $247.45.
In an example of “volumes leading price”, Ethereum activity reached an all-time peak, with daily volumes above $17 billion in 24 hours, far outpacing even records from the end of 2017. One of the reasons is that significant inflows of funds go from BTC to ETH. But also, ETH is used in base pairs, igniting what looks like another altcoin season.