The value of Ethereum has increased since last year, and now it outperformed Bitcoin (BTC) in terms of returns. The mining on Ethereum has become more lucrative over time. According to Glassnodes data, the hash rate for Ethereum has recorded new highs approaching record levels of 1.11 PH/s. The previous ATH was recorded on Jan. 13, when the ETH price fell from $4,460 to $3,160.