Ethereum News

Ethereum priced above $ 1,000 for the first time in three years


Ethereum priced above $ 1,000 for the first time in three years. According to experts, the increase in demand from coarse-grained investors is one of the main reasons for the increase in Ethereum prices.

To Report Ethereum, the price of Ethereum, has jumped 285 percent since 2020, making many investors happy with the digital currency.

At the time of writing, each Ethereum unit is trading in the $ 1,100 range and has jumped 40% in the last 24 hours. Ethereum’s daily trading volume is $ 58 billion.

As we said in the previous articles, the number of Ethereum addresses that are profitable has reached its historical peak. Glassnode data show that 49,225,333 addresses are in a profit position. Interestingly, the previous peak of these addresses was recorded yesterday in the range of 49,145,540.

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Addresses that are in a profitable position are addresses whose average capital value at the time of purchase is lower than the current price. The purchase price here means the price at which the currencies are transferred to the wallet in question. In this index, contracts are not counted and only unique addresses are considered.

Ethereum is a digital currency designed for decentralized applications and works with smart contracts that do not allow fraud, manipulation or third party interference.

Ethereum 2.0, a new update to the Ethereum network, is set to improve the scalability and speed of the Ethereum network. It is said that by 2022 we will see the launch of this update.

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