Ethereum Has Shown An Impressive Rise To $2,000 And That “Things May Continue”, Says Recent Data
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- ETH Reaches $2,000 and “Things May Continue”
- Announcement of exact date for Ethereum’s merge upgrade
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 reclaimed the $2,000 price mark 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.
ETH breaks above $2,000, gains 5% in 24 hours. In the last 4 hours, the liquidation amount for the entire network was US$125 million.
— Wu Blockchain (@WuBlockchain) 13 August 2022
This rise precedes that, according to the Sentiment Analytics team, the cryptocurrency has gained over 80% in the past 30 days, while other altcoins have also been performing well since June.
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.
I #ethereumThe price increase of +80% has garnered the most attention of any asset in the last 30 days, but #altcoins In general have been in a great place since the end of June. There isn’t any major excitement happening, either, which is a sign that things may be continuing. https://t.co/B461oaaUtR pic.twitter.com/Lh1i7YqFxm
— sentiment (@santimentfeed) 12 August 2022
Announcement of exact date for Ethereum’s merge upgrade
At the end of June and throughout July, Ethereum managed to slide down to the $1,000 level, however, now a more or less exact date for the merge upgrade (Ethereum’s transition to the Proof-of-Stake consensus protocol in its entirety) has been named , the price continues to rise.
The event is expected to take place on September 15, as was covered by U.T.D. earlier this week.