Analytics / Forex and Crypto News
According to the Unfolded team, Ethereum's price has been showing steady quarterly growth since the beginning of 2020. For five quarters, Ethereum closed every quarter in the green zone.
The first quarter of 2021 was the most successful for Ethereum. In the first quarter of 2021, the price of Ethereum increased by almost 160%.
The second quarter started equally well for Ethereum. Ethereum gained 24% over the five days of the second quarter.
Recall that Ethereum set a new all-time high at the end of last week. The ETH/USD pair reached a high of $2144, after which the price showed a pullback to the area of $2000. But at the time of publication, the price of Ethereum returned to the level of $2100.
Santiment analysts note that the next price maximum is observed against the background of record high network activity. Experts believe that the mark of $2000 will be an important support zone for Ethereum.
The appeal of this digital asset has skyrocketed after it was revealed that Visa would use the Ethereum blockchain for settlement transactions with the USDC stablecoin.