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Ethereum Jumps 8% as Price Approaches $4,000 Barrier

From decrypt.co

Just three months ago, Ethereum was selling for under $2,000 after a swift comedown from a record $4,350 in May. Now, it's back on the upswing. The price of ETH has jumped 8% in the last 24 hours to scrape past $3,800 for the first time since early September, according to data from Nomics. There's no one cause for today's bump. The protocol is midway between updates, Elon Musk hasn't started tweeting about it, and the SEC hasn't hinted about approving an Ethereum ETF. But when you zoom out, you can see a longer upward trend. The price of Ethereum has swollen by over 900% in the past year. At least four factors have ... (full story)

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  • Category: Fundamental Analysis