The Ethereum all-time high of $1,690 was hit yesterday! This came after a consistent uptrend that started since 2020. Create a cryptotrading account and get a 15% bonus here: http://go.beincrypto.com/2Z8JMJS So what caused the Ethereum record high and where is the Ethereum next all-time high? In this episode of the Beincrypto News Show, we bring you the latest Ethereum 2021 and crypto news today. So how did the Ethereum all-time high 2021 happen? One of the biggest reasons for the Ethereum record high comes from the release of ETH 2.0, which is an update to allow for faster and cheaper transactions. As well as this, over 2% of the total ETH supply is now locked within the ETH 2.0 contact, this is almost $4 billion! This means that ETH has become the third most staked token in terms of staking percentage relative to total supply. The ETH 2.0 update has no doubt played a big role in the Ethereum all-time high price. The rise of DeFi has also played a big role in sparking the Ethereum all-time high market cap, with the total value locked now amassing over $32 billion. Many DeFi tokens and networks, which are based on the Ethereum network, have also been on the rise with the likes of Uniswap and AAVE hitting all-time highs today. It is likely that DeFi applications will continue to grow and reshape the financial world, thereby increasing the utility function of the Ethereum network. You may also remember our Ethereum Liquidity Crisis video from two weeks ago, where we talked about the Ethereum supply running out on exchanges and made the Ethereum all-time high prediction: https://youtu.be/Cj10hQnk69g. This also has had a massive impact on the Ethereum all-time high price, as the demand has far exceeded the supply. It is important also to note the increasing institutional interest driving the lack of supply, with the likes of Grayscale recently reopening its Ethereum trust to investors after suspending the service in December 2020. With the new Ethereum record high, it is likely that regulated investors will look to get exposure to Ethereum and get a slice of the pie. With the growing interest in Ethereum, it is likely that we will continue to see a further uptrend which could be amplified by the CME Ethereum Futures launch on Feb 8. Back in 2017, when BTC was added to the CME futures list, it surged. Could we see a similar movement from Ethereum? Stick around to the end of the video where we analyze the Ethereum all-time high chart and give technical analysis on when the next Ethereum all-time high date will be. For more trading analysis and discussion with our expert traders please join our telegram group: https://t.me/BeInCryptoCommunity which now has almost 15,000 members! Thank you for watching today's episode of the BeInCrypto News Show ... https://www.youtube.com/watch?v=aBYLqBz95Uo

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