Coinspeaker
Ethereum Price Skyrockets to 22-Month Peak: What’s Next for ETH?
In an electrifying display of market dominance, Ethereum (ETH) price has soared to a 22-month high, marking a significant milestone for the second-largest cryptocurrency by market cap.
Ether’s Meteoric Surge
As of the latest trading session, Ethereum’s price peaked at $3,125, resulting in a massive gain of 36% over the past month. Ethereum’s performance is not just a solo journey but has also contributed to the overall crypto market’s 0.5% increase on the day, with total capitalization reaching $2.1 trillion – a figure not seen since April 2022.
Ethereum’s On-Chain Activity: Whales Investment
It happens pretty rarely that the weekly returns of Bitcoin (BTC) and Ethereum (ETH) are very distinctive from each other. Since the last week, Ethereum has registered a weekly gain of approximately 5%, while Bitcoin has faced a downfall of -2.31%. Such conditions suggest that a differential on
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