Ethereum has demonstrated an impressive growth, hitting $2,000 and it “things can continue”, recent data says
According to data provided by Sentiment data aggregator, Ethereum, the second largest digital currency, has shown a massive price increase of around 80 percent over the past month. Its analytical team says this growth is highly likely to continue.
Earlier today, Ethereum recaptured the price mark of $2,000 last seen in June.
ETH Reaches $2,000 and “Things May Continue”
The news of Ethereum rising slightly above the $2,000 level earlier today was published by Chinese crypto blogger and journalist Colin Wu. He also mentioned that the amount of ETH that was liquidated after that totaled $125 million.
What preceded this growth is that according to the Santiment analytics team, over the past 30 days, the cryptocurrency spiked by over 80 percent, while other altcoins have been doing well since June too.
At the moment, the tweet states, there is not much excitement around Ethereum and other options. Sentiment believes that this is a sign that this increase may continue.
Precise date for Ethereum’s Merge upgrade announced
In late June and throughout July, Ethereum managed to go as low as the $1,000 level, however, now that the more-or-less exact date for the Merge upgrade (the transition of Ethereum to the proof-of-stake consensus protocol completely) has been named, the price has continued to rise.
The event is expected to take place on September 15, as was covered by U.T.D. earlier this week.
