Ethereum • December 16, 2020, 6:34PM EST

ETH momentarily breaks yearly highs

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The Block

Ethereum, the second-largest cryptocurrency by market capitalization, briefly broke yearly highs on Wednesday.

The price of the cryptocurrency hit $639.58, but by press time, it was at $633.62. The previous yearly high was $636.53 on December 1. This is the highest Ethereum's price has been since May 2018.