The price of ether (ETH), the native token to the Ethereum network, rose past $3,000 for the first time since April 2022 on Tuesday, continuing a recent hot streak.
Ether’s price rose about 1.6% over the past 24 hours and has risen over 12% in the past week, outpacing other cryptocurrencies.
Bitcoin’s price was on the move as well, ahead more than 2% over the past 24 hours and nearing $53,000.
ETH’s rally could continue, with traders targeting $3,500 as the next resistance level as market participants anticipate that spot-based ETH exchange-traded funds (ETF) could be next in line for U.S. regulatory approval.
Source:
CryptoNow
