Ethereum has seen a price bump of around 5% as bullish news continues to arrive for the platform.
Ethereum, the second largest cryptocurrency by market cap, has seen a slight price bump of around 5% according to data on Coinmarketcap.
News that Goldman Sachs is looking to launch options trading for the smart contract platform may have led some way to its price hike.
Additionally, the test block for the EIP1559 upgrade has now been set. This means that Ethereum’s highly anticipated upgrade, which will double the gas limit, has now entered the test phase and spells further bullish news for ETH.
Where to buy Ethereum?
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Register with eToro instantly
CedarFX
CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.
Register with CedarFX instantly
Why are people looking to buy Ethereum right now?
Ethereum has been met with a lot of bullish news recently as its price continues to range in an accumulation zone.
News that Bitcoin and Ethereum outflows on exchanges have increased has also fanned the flames for a jump up into a new channel. Or, the coin may make a return to the all-time-high the coin reached last month of around $4,300 and spend some more time accumulating.
Be the first to comment