Advertisement
AD

Main navigation

Ethereum May Keep Rising After Showing 80% Growth in Past 30 Days: Santiment

Advertisement
Sat, 13/08/2022 - 8:42
Ethereum May Keep Rising After Showing 80% Growth in Past 30 Days: Santiment
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News
Contents
Advertisement

Over the past month, the second largest digital currency Ethereum has shown a massive price increase of roughly 80 percent, according to data provided by Santiment data aggregator. Its analytical team says there are high chances that this growth may continue.

Earlier today, Ethereum recaptured the price mark of $2,000 last seen in June.

ETH hits $2,000 and “things can continue”

The news of Ethereum surging 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 following it 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 says, there’s not much euphoria around Ethereum and other alts. This is a sign that this growth may continue, Santiment believes.

Related
Cardano's Vasil Hard Fork: These Three Indicators Will Determine Launch Date

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 happen on September 15, as covered by U.Today earlier this week.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD