Ethereum price hits new all-time high amid crypto market frenzy

The price of ethereum reached above $2,000 on Friday to hit a new all-time high.

The cryptocurrency has seen massive gains over the last 12 months, having traded below $150 at the beginning of April last year.

It peaked at $2,036.94, according to the CoinMarketCap price index, though the price rally shows no signs of slowing down.

Ethereum’s latest record comes amid a crypto market frenzy, which has seen bitcoin and other cryptocurrencies experience huge price rises in recent months.

More to follow.