Ethereum (ETH) is on the rise! Today, the price of ETH increased by 3.31%, reaching $$ 4,766.63. This increase follows a broader upward trend in the cryptocurrency market.
*Why is ETH rising?*
- The recent presidential election in the USA, with Donald Trump's victory, boosted the cryptocurrency market, including ETH, which recorded a 21% increase after the election.
- Ethereum is also approaching a historic upward pattern, similar to what was observed in 2023, which could pave the way for a jump to $$ 6,000 or more.
*Recent performance of ETH*
- In recent days, ETH surpassed the resistance of $$ 2,800 and emerged from a long-term consolidation range.
- The current price of ETH is $$ 4,766.63, with a 3.31% increase compared to the previous day.
*Other related cryptocurrencies*
- Wrapped Beacon ETH (WBETH) is also rising, with an increase of 3.27% today, reaching $$ 5,122.36.
- The iShares Ethereum ETF (ETHA) had a rise of 4.82% today, quoted at $$ 35.90.
