![Ether Reaches Record High of Over .4K as Shiba Inu Becomes a Leading ETH Burner Ether Reaches Record High of Over .4K as Shiba Inu Becomes a Leading ETH Burner](https://www.coindesk.com/resizer/1Ib_1RUOY1_oQ6utOuguWQWxH58=/1200x628/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PSKZTMES6RBZLH4ZB4MRHTN4AA.png)
![Ether Reaches Record High of Over .4K as Shiba Inu Becomes a Leading ETH Burner Ether Reaches Record High of Over .4K as Shiba Inu Becomes a Leading ETH Burner](https://www.coindesk.com/resizer/1Ib_1RUOY1_oQ6utOuguWQWxH58=/1200x628/cloudfront-us-east-1.images.arcpublishing.com/coindesk/PSKZTMES6RBZLH4ZB4MRHTN4AA.png)
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At the going price of $4,370, the cryptocurrency is up 45% on a month-to-date basis versus bitcoin’s 40% gain. The ether-bitcoin implied volatility spread is rising in a sign that the market expects ether to continue leading the price action in the coming weeks, as Thursday’s First Mover newsletter mentioned.
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