For the first time since the summer of 2018, Ethereum has achieved new heights in the crypto exchange market. Ethereum rose fourteen percent to a price it hasn’t accomplished in two years. By finally hitting $600, the cryptocurrency increases in value over its previous records of only $500. As the crypto market begins to expand and flourish, Ethereum has found its chance to shine. Within twenty-four hours, Ethereum coins’ value shot up because of the market’s anticipation for Ethereum’s 2.0 release.
Bitcoin undoubtedly faces bull run activity at the end of 2020, which has contributed to the rising price of Ethereum units. Traders can’t deny that Ethereum has been rising in value since August of 2020, but professional data analysts predicted the increase to level out sooner. In the final weeks of August 2020, Ethereum topped out at $389, but it soared to an upward of fifty-four percent. The majority of crypto traders feel a silent rally has fallen upon crypto exchange platforms because of the recent rising in COVID 19 cases across the world.