The price of Ether broke above $800 Friday, reaching its highest level since March 8.
The cryptocurrency native to the ethereum blockchain climbed by more than 11 percent in 24 hours. Opening at $772 Friday, Ether rose above $803 at one point.
The second most popular cryptocurrency's performance has almost been similar to that of Bitcoin this year.
The digital currency cleared $1200 to post a new record high in early January, but has since given back those gains.
In line with a broad decline across nearly all crypto-assets, Ether's downward trend continued till April 5, reaching $380, its lowest level in more than four months.
Ether saw a steady growth since then, a significant rise of $423 to its value within a month.
April has been a phenomenal month of recovery for the softcoin. A more than 100 per cent growth will surely be good news for investors in the cryptocurrency following a tumultuous trading period.
Ether's rise has defied growing regulatory concerns such as crackdown on initial coin offerings (ICOs) in many countries.
Alexis Ohanian, a co-founder of Reddit, sees the price of Ethereum (ETH) reaching $15,00 in 2018.
Google co-founder Sergey Brin recently gave Ethereum mining credit for playing a role in the "boom in computing" currently taking place.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.