Ethereum’s price continues to climb following the recent launch of a major network upgrade, and today it passed the $3,000 level for the first time since mid-May’s market freefall. As of this writing, the price of ETH sits at $3,009 according to data from CoinMarketCap.
While still well off of Ethereum’s all-time high of nearly $4,357 set on May 12, per CoinGecko, ETH hasn’t been priced this high in almost three months. It’s been under $3,000 since May 19, when the entire cryptocurrency market fell into a downward spiral following months of growth.
Tesla’s decision to stop accepting Bitcoin and uncertainty around China’s crypto crackdown are cited as key reasons for the decline. Bitcoin and Ethereum alike lost more than 50% of their value from all-time high levels set in April or May to recent low marks, and nearly the entire cryptocurrency market followed suit into a summer slump as early-year gains were widely erased.
Ethereum in particular fell under $2,000 at multiple
Źródło: https://decrypt.co/77932/ethereum-rises-above-3000-for-first-time-since-may
