The long anticipated Bitcoin halving is finally completed, after Ethereum (ETH) saw slow growth amid the recent market crash. This was partly fueled by the fading expectation of SEC approving Ethereum ETFs in may. ETH experienced losses by 15% slightly over a week ago, losing ground to Bitcoin. Although there was no immediate reaction to the halving event by top cryptocurrencies including Bitcoin itself, Ethereum (ETH) has since seen an uptick of approximately 0.8% in its market value. As investors and enthusiasts closely monitor the next move of Bitcoin and altcoins, let’s unravel why Ethereum price is rising.
Current Market Performance of Ethereum Price
Over the past day, the price of Ethereum has risen by 1.39% to $3,214.11. This increase maintains a favorable pattern for the week, increasing by 2.16%, but exhibits an 8.40% drop over the month. This shows potential volatility and market correction in the long-term
Ethereum holds the second position in market capitalization, acc
We współpracy z: https://coingape.com/blog/ethereum-price-2-reasons-why-eth-price-is-rising/
