Last week, we covered the market dip as well as our reasons for why the price correction was likely temporary. This week, we’re taking a look at ETH’s explosive new all-time highs and the fundamental factors underlying price action.

Last week, we saw the crypto markets pass through various adoption milestones, from the Coinbase IPO to Binance launching Tesla stocks. This week, prices have fallen – the bearish price action has had no impact on adoption, however, with crypto making leaps and bounds in recent days.

Ethereum has once again hit new all-time highs since our last piece which dealt with upcoming network developments and booming NFT sales. The cryptocurrency has since pulled back whilst fundamentals stay as strong as ever.

This week, we’ll focus on the progress made and milestones reached since then, including an all-time high in price spurred on by major network developments.

This week, we’ll get into some of the successes and failures seen recently on Ethereum, as well as the more notable sales and sentiment factors of the past week.

Last week, we took a look at Ethereum’s punitively high gas costs and the increasing proportion of whale-controlled ETH supply, as well as the skyrocketing NFT market. For this week’s piece, we’ll follow up on those circumstances and examine regulatory factors that may also impact price.