Ethereum Nears $3,800 for First Time Since May

On Wednesday, September 1, Ethereum traded above the $3,500 level for the first time since the May drop.

September 1, 2021 | 20:20Update:

The price of Ethereum surpassed the $3790 mark. Market cap — $440 billion.

The asset’s market cap reached $412 billion, according to CoinGecko. At the time of writing Ethereum was trading at around $3530.

In August, the hash rate of the network of the second-largest cryptocurrency reached a historic high. Miner revenue for the coin rose by 60% over the same period.

In August, the Ethereum network recorded a major reorganization of blocks.

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