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Ethereum price hits 1-month high above $2,800; Is $3,000 imminent?
The price of Ethereum climbed to $2,821.56 earlier in today’s session, which is the highest point it has reached since June 12th. ETHUSD has risen by nearly 5% in the past 24 hours, mostly as a result of increased demand for crypto exchange-traded funds (ETFs). Inflows of U.S.-based Ethereum spot ETFs soared to $211.32 million on July 9th, which is the second-highest increase since February, when ETHUSD hovered marginally below $3,000. chart This move comes after the resistance level of $2,500 was broken; however, recent breakouts have failed to sustain upward momentum. Could this one be different? So far, there ... (full story)
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