Following a rapid increase this Thursday, Ethereum has broken through a psychologically important threshold of $400, establishing a new all-time high - it hovers around $420 at press time.
Despite some market stagnation caused by the news of the $280 mln Parity wallet hack in early November, the second-most-popular cryptocurrency looks stronger than ever.
This most recent move comes after a similarly positive dynamic on Bitcoin, which has seen it stabilize firmly above $8,000 - it is generally accepted that most cryptocurrencies often follow the direction of BTC price.
https://cointelegraph.com/news/ethereum-breaks-through-400-reaches-all-time-high