Ethereum Rises 45% in 1 Month: Here's When It May Hit $4000
Ethereum (ETH) experienced a massive price surge earlier this month. The asset’s price took off after the commencement of the Pectra upgrade. ETH’s rally has since slowed down. Despite the cool off, ETH is still trading in the green zone. The asset is up 2.7% in the daily charts, 4.1% in the weekly charts, 6.1% in the 14-day charts, and 45.5% over the previous month. Despite the incredible breakout, ETH’s price is still down by 32.4% since May 2024. Source: CoinCodex Cryptocurrencies Consolidate As Investments Slow Down Source: BitCoinist ETH’s recent rally was further supported by a spike in institutional investments in the crypto market. Bitcoin (BTC) saw a new peak of $111,814 on May 22. The rally was likely due to a surge in institutional investments. The rally has since slowed down. BTC’s price has fallen to the $109,000 level amid a dip in institutional inflows. ETH’s Pectra was incredibly well-received by the community. The upgrade will likely ...