Ethereum has broken through a psychologically important threshold of $400, establishing a new all-time high and it hovers around $420 at press time. Despite some market stagnation which is caused by the news of the $280 mln Parity wallet hack in early November, the second-most-popular cryptocurrency looks stronger than ever.
Ethereum has had positive news of its own, like the announcement of the first-ever regulated bond based on the coin. The last time the price has reached a similar height was in June 2017, when Ethereum which hit the previous all-time high of about $407. The renewal of the $400 mark was predicted this August by Ronnie Moas, an analyst famous for his often correct forecasts of cryptocurrency prices.