Here’s Why Ethereum Recently Reclaimed $1,400 Level - BitcoinEthereumNews.com
Alex Dovbnya Ethereum has soared to the highest level in more than a month Ethereum, the second-largest cryptocurrency, experienced a major rally on Saturday, soaring by more than 15%. Imahe sa pamamagitan ng tradingview.com The cryptocurrency climbed to as high as $1,422, the highest level since June 13. Roughly $196.72 million worth of Ethereum short positions has been liquidated over the past 24 hours due to the big price surge, Coinglass data palabas. According to data provided by Coinalyze, Ethereum topped Bitcoin in terms of trading volume on futures markets on Saturday. Imahe sa pamamagitan ng @coinalyzetool Ethereum managed to gain as much as 12% against Bitcoin on July 16, with the ETH/BTC pair touching the highest level since late May. Earlier this week, Tim Beiko, one of the top figures in the Ethereum Foundation, recently anounced that the much-awaited Ethereum upgrade would take place in September. However, the timeline is still not final, meaning that the merge is still going to be postponed. The Beacon Chain, the proof-of-stake version of the Ethereum blockchain, was rolled out in December 2020. After Ropsten and Sepolia, Goerli will be the last testnet that will undergo the transition. This event is expected to occur in August, which will be the final step before the much-anticipated