Ethereum surpasses the $3,000 range
Many cryptocurrency investors have their eyes and money on Ethereum seeing that the coin has been bullish for nearly a month.
Although many investors expected a revival in the cryptocurrency market after the mass plunge that took place in April, what many did not anticipate is how bullish Ethereum was going to become.
Ethereum recently exceeded the $3,000 price point and its volume on the Chicago Mercantile Exchange (CME) rose to 5,469 contracts.
Ethereum’s value also increased by more than 1200% and recorded an impressive open interest of $8 billion. The cryptocurrency is also being applauded by investors for reducing its transaction charges from $18 to $10.
Cryptocurrency experts have predicted that Ethereum is going to hit the $10,000 price point sooner than later.