Ethereum

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Ethereum reached $4,000 for the first time since December 2021, as the market experienced an uptick.
This occurred as the cryptocurrency market experienced another bullish surge, pushing the market cap to $2.7 trillion. However, the climb was brief, with <a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum’s</a> price retracting to $3,900 shortly after as traders quickly secured their gains.
ETH’s price movement aligns with a broader bullish sentiment in the market. Despite the excitement, Ethereum’s <a href="https://coinmarketcap.com/currencies/ethereum/" data-type="link" data-id="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">trading volume</a> only increased by 10% today. This suggests that long-term investors are choosing to hold onto their assets.&nbsp;
Notably, Bitcoin also achieved a new <a href="https://crypto.news/bitcoin-all-time-high-70000/" data-type="link" data-id="https://crypto.news/bitcoin-all-time-high-70000/" rel="noopener noreferrer nofollow">all-time high</a> of $70,000.
Read more: <a href="https://crypto.news/bitcoin-all-time-high-70000/" rel="noopener noreferrer nofollow"> Bitcoin hits new all-time high, surpasses $70k </a>
Additionally, Ethereum-based meme coins, such as <a href="https://crypto.news/price/shiba-inu/" data-type="link" data-id="https://crypto.news/price/shiba-inu/" rel="noopener noreferrer nofollow">Shiba Inu</a>, have seen impressive gains, with SHIB jumping over 150% weekly.
The enthusiasm around Ethereum is partly due to the anticipation of the upcoming <a href="https://crypto.news/ethereums-dencun-upgrade-launch-march/" data-type="link" data-id="https://crypto.news/ethereums-dencun-upgrade-launch-march/" rel="noopener noreferrer nofollow">Dencun</a> upgrade, which is set to launch next Wednesday. The upgrade aims to enhance Ethereum’s scalability and efficiency, which, if successfully implemented, could further stimulate the price of ETH.
This upgrade is a critical step in Ethereum’s evolution, promising to address some of the network’s longstanding challenges.
Read more: <a href="https://crypto.news/what-is-ethereum-dencun-upgrade/" rel="noopener noreferrer nofollow"> As Ethereum’s Dencun upgrade nears, here is all you need to know </a>

Ethereum hits $4k amid bullish surge, market awaits Dencun upgrade boost

crypto.news

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