Ethereum (ETH) has just soared to a new all-time high above $4,400

The second-largest cryptocurrency, Ethereum, has reached a new lifetime peak, hitting $4,477.

This has happened as the Ether hashrate broke above a new ATH of 812,768 GH/s, decreased miner selling, and a massive drop of the ETH supply on crypto exchanges.

Besides, since the London hardfork was implemented on Aug. 5 along with the burning mechanism for ETH fees, $3 billion worth of Ethereum has been burned.

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