Cyber currency Ethereum rose to $4,000 for the first time on Monday, climbing to a new peak for a third day in a row.
The currency soared this year, fuelled by expectations of wider use, based in part on its role in decentralised finance platforms that facilitate crypto-denominated lending outside traditional banking. However, some analysts said it was overvalued at current levels.
Another factor is the upcoming technical change to its software which will reduce its supply. New institutional investors in the crypto sector have also warmed to it amid a tepid quarter for bitcoin.
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