Ethereum Pumps 15% Mid-Week — Is $3,000 the Next Target?
Join Our Telegram channel to stay up to date on breaking news coverage In the past day, the cost of Ethereum has increased by nearly 15%, from around $1340 to $1539. While the entire market has risen significantly, Ether is one of the top performers. As a result, the total market capitalization of all crypto assets rose by 6.8 percent, reaching $1.03 trillion. Following the Ethereum Merge, which converted the network to a Proof-of-Stake model, the value of Ether has been below the $1500 mark for just well over a month. The price of Ether did not rise as anticipated after that announcement. For nearly 40 days, the price of the cryptocurrency dropped below $1500. The price of Ethereum Classic, a variant of Ethereum, has also risen significantly. As of this writing, one ETC is worth about $25, a gain of more than 12% in the past 24 hours. CFTC Chairman Labels Bitcoin and Ethereum as Commodities This week, a sigh of relief was heard from the investing community w...