On Wednesday, September 1, Ethereum traded above the $3,500 level for the first time since the May drop.
ETH/USDT chart on the Binance exchange. Data: TradingView.
Update:
The price of Ethereum surpassed the $3790 mark. Market cap — $440 billion.
ETH/USDT chart on the Binance exchange. Data: TradingView.
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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