Ethereum hits new ATH after Altair upgrade shows clear path to the merge
The price of ETH has been on a bullish tear recently. After dropping to around $1,780 on July 21, it has since gained 147% to sit at around $4,400. The price of Ether (ETH) has bounced to a new all-time high (ATH) on Friday as it hit $4,400.97 at around 1:02 am UTC, according to the ETH/USD price indexes on Coinbase and CoinMarketCap. At the time of writing, ETH is currently priced at $4,380, with the asset surging around 46.6% since the start of October. CoinMarketCap’s price index indicates that the previous ATH was only eight days ago, with the asset reaching a price of $4,308.48 on Oct. 21.
ETH has been on a bullish tear since dropping to around $1,780 on July 21 and has since gained 147% to rise to a new point of price discovery.
Cointelegraph reported on Thursday that the Ethereum 2.0 Altair Beacon Chain update had a successful start, with 98.7% of the nodes upgraded at the time. A successful Altair upgrade to the Beacon Chain was seen as an important factor clearing the way to the merge with the Ethereum mainnet and the transition to a proof-of-stake consensus mechanism in Ethereum 2.0.
Ethereum’s success is also being driven by the platform’s use in the booming decentralized finance and nonfungible token sectors. They highlight ongoing rising demand for Ether in the future, thus ensuring additional tailwinds to its bullish outlook in Q4 2021 and possibly into 2022. Since July, Ethereum has also undergone important upgrades, such as the London hard fork that introduced a deflationary burning mechanism to the asset as part of the network’s fee structure.
The overall market sentiment in crypto has also been positive of late, with the United States Securities and Exchange Commission approving multiple Bitcoin futures-based exchange-traded funds to launch on the New York Stock Exchange. Bitcoin (BTC) hit new all-time high prices in the wake of the news.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 81.6% | 26 | $62 581.52 | -2.82% | -1.78% | $1 232 274 056 286 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 76.4% | 43 | $3 092.33 | -1.80% | 1.20% | $377 422 868 005 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $0.999701 | -0.03% | -0.07% | $110 392 718 693 |  |
|
| 4 |  BNB |
Binance Coin predictions | 83.2% | 22 | $587.28 | -3.88% | 5.38% | $86 675 077 068 |  |
|
| 5 |  SOL |
Solana predictions | 67.2% | 70 | $134.92 | -6.19% | -5.29% | $60 328 304 016 |  |
|
| 6 |  USDC |
USD Coin predictions | 94.8% | 2 | $1.000110 | -0.02% | -0.01% | $33 467 965 584 |  |
|
| 7 |  XRP |
XRP predictions | 68.4% | 69 | $0.514705 | -1.72% | 1.68% | $28 430 209 369 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 67.2% | 68 | $0.144143 | -3.96% | -7.68% | $20 763 960 737 |  |
|
| 9 |  TON |
Toncoin predictions | 66.8% | 65 | $5.27 | -1.80% | -14.04% | $18 282 328 172 |  |
|
| 10 |  ADA |
Cardano predictions | 64.4% | 81 | $0.451818 | -4.06% | -5.90% | $16 100 189 712 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 64% | 82 | $0.000024 | -4.25% | 5.67% | $14 406 279 325 |  |
|
| 12 |  AVAX |
Avalanche predictions | 64.4% | 78 | $34.06 | -3.49% | -1.02% | $12 881 318 580 |  |
|
| 13 |  WTRX |
Wrapped TRON predictions | 88.8% | 18 | $0.119353 | 2.19% | 8.54% | $10 450 913 619 |  |
|
| 14 |  TRX |
TRON predictions | 88.4% | 21 | $0.119116 | 1.74% | 8.00% | $10 430 161 283 |  |
|
| 15 |  STETH |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
