Ethereum, which continues its strong upward trend, surpassed $ 1,700 on the 5th (local time) for the first time in history.
Ethereum surpassed $ 1,700 in the middle of $ 1,600 shortly after leaving the market, according to CoinMarketCap data.
On the 3rd, Ethereum surpassed $ 1,600 for the first time in history and continues its strong upward trend, breaking the $ 1,700 mark in just two days.
The market believes that the strength of Ethereum lies in the expectations for the release of Ethereum futures scheduled on the Chicago Mercantile Exchange (CME) on the 8th.
Interest in smart contracts and the DeFi market continues to grow, and the continued growth in Ethereum inflows by new investors is also seen as a major driver of the uptrend.
Cryptocurrency analyst Sentiment analyzed that Ethereum's strong fundamentals are currently supporting the upward trend.
Sentiment said the number of new addresses on the Ethereum network, which recently hit a record high, continues to grow, indicating that this is a very strong signal for Ethereum's prospects.
Ethereum rose 5.9% to $ 1,716 as of 10 a.m. New York time, according to the coin's market cap data.
You will find out how far the price of Ethereum will go in my next articles.
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