Ethereum price all-time high follows reduced gas costs and DeFi revival

Mainstream adoption of cryptocurrency continues to reach new highs in 2021 thanks to the growth of popular sectors like decentralized finance (DeFi) and nonfungible tokens (NFTs). Analysts expect Ether price to rally to new all-time highs since the Berlin upgrade resulted in a drop in gas fees and a surge in DeFi activity.

 The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity. the VORTECS™ Score for Ether began to trend higher on April 23 and registered a high score of 71 on April 25, roughly five hours.

With DeFi-related activity again on the uptrend and excitement building for Ethereum 2.0 and the full migration to proof-of-stake, Ether price looks well-positioned for further upside.

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Author: Priyanka

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