$1K Next? Ether Price Climbs to New Record High

The price of ether, the native token of the ethereum platform, has hit a new all-time high over $970 and is eyeing the $1,000 mark.

As of writing, ether (ETH) is trading at a record $978. The world’s third-largest cryptocurrency by market capitalization has appreciated by 11 percent in the last 24 hours, according to data source CoinMarketCap.

A deeper look at the individual markets suggests the cryptocurrency is trading above $1,000 on Asian exchanges offering ETH/KRW pairs. Meanwhile, on western exchanges, ETH is trading slightly below $950 levels.

Notably, 24-hour trading volume stands at $5.83 billion, which marks a 125 percent increase since Jan. 1. A high volume rally indicates strong hands are at play and the move has legs.

The technical chart also indicates scope for a rally to $1,045 levels…

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