Ether, the second largest crypto in the market by capitalization, has just reached a new annual high.
Even though all the attention is on Bitcoin, which has recently surpassed the $21,000 and $22,000 barrier for the first time in its history, and which is currently trading above this level, the rest of the market is also posting significant gains.
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For instance, Ether has experienced a rebound of more than 11% over the past 24 hours and in some moments has reached $662. In particular, the crypto is currently trading at $660.99.
This rise has come shortly after it was known CME plans to launch ETH futures next year once it receives approval from the regulators.
The platform rolled out BTC futures back in December 2017, shortly before the reference crypto reached $20,000, its highest level at the time and which has remained unbeaten until recently.
Some experts believe that the price of ETH could increase even higher than that of Bitcoin, even exceeding $1,000 for the first time since 2017.