Ethereum Has Risen in Price by 7% in One Day & Approached the Historical Maximum

The price of the largest altcoin by capitalization, Ethereum, again exceeded $4,500. On November 10, it peaked above $4,800.

Over the past day, Ethereum has risen in price by 7%, to the current level of $4,500 ETH is growing for the fifth day in a row after its price dropped to $4,000 on November 27. Since then, the price of the largest altcoin by capitalization has increased by 17.5%

ETH to approach its new ATH?

Ethereum is approaching its all-time high set on November 10. Then the altcoin price reached $4,860. As a result, the share of the asset in the market exceeded 20%, while the share of Bitcoin dropped to 38.7%.

Meanwhile, the number of Ethereum tokens on crypto exchanges dropped to a new low. According to an analyst at CryptoQuant, the percentage of altcoin offered on trading platforms dropped to 14% of the total supply. It is believed that Ethereum is being withdrawn from exchanges by long-term investors who do not plan to sell it in the near future.

On November 24, the number of Ethereum burned exceeded 1 million, according to the service. The altcoin burn process began on August 5 following the London update, which changed the mechanism for calculating transaction fees. Part of the commissions that miners previously received as rewards are now burned.

Coin burning is the destruction of a part of tokens to reduce their number in circulation. This method is used to combat inflation and increase the value of cryptocurrencies. All the coin-burning operations are recorded on the blockchain as a transaction, so anyone can verify that the coins have been destroyed.

If you want to start trading Ethereum, you can always do it on the LATOKEN exchange!


Do you want to learn more about the most promising tokens through LATOKEN Review, and always stay up to date? To do this, just follow us on Medium, LATOKEN Blog, or LATOKEN VCTV channels.


  • Ranked #2 worldwide in the startup tokens primary market with 220+ IEO’s since 2017.
  • Has over 2 mln registered users, over 1 mln Android app installs.
  • Is in the TOP 10 of CoinGecko rank by the amount of token pairs and coins listed.
  • VCTV, a live streaming panel with high-profile industry leaders, produced over 500 shows to advise traders and investors how to navigate the crypto world with discussions, news updates, and interviews.
  • Advisory Board includes former CFOs from JP Morgan and Paypal.

Follow LATOKEN on social media to keep up with the latest news, and more!👇







Telegram Announcements

LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store

#1 cryptocurrency exchange in liquidity for new digital assets and the leading platform for compliant multi-asset tokenization.