ETH breaks above $700 to highs not seen since May 2018

The price of ether (ETH) has jumped above $700 to highs not seen since May 2018. 

Data from Coinbase shows the price of the world's second-largest cryptocurrency by market capitalization has increased by nearly 13% over the past 24 hours to $710.31 at the time of this writing.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Early this month, CME Group announced that it will list an ETH futures product next year. The product is coming to market on February 8, subject to regulatory approval.