The second largest cryptocurrency by market cap, Ethereum, has just broken above the $3,000 resistance level, turning it into a support line, on the Binance exchange.
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After reaching an all-time high of $4,293 on May 12, ETH has been in decline and hit a bottom at the $1,739 level on June 26 and July 20.
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The current growth of Ether has been fueled by the implementation of the EIP-1559 (also known as the “London” hard fork) earlier this week and the positive prospects it opens for Ethereum in the future as the network is moving towards the long expected Ethereum 2.0 upgrade.
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Dan Burgin
Vladislav Sopov