Ethereum Network’s native cryptocurrency, Ether (ETH), has returned to $3,000following Bitcoin (BTC) procedures, today marks a historic maximum of over $16,000.
The following image provided by TrainingView observes what the price of ETH is for the last 12 months.
This occurs during the high institutional adoption of Ethereum cryptocurrency. As Cryptootics reports, over one million ETH units are held by companies, foundations, DAOs, Defi protocols, and more, and store them as a value reserve, and use them to staking and obtain additional yields.
Simple supply and demand laws will increase the price of ETH due to financial giant purchases.
If the ETH follows its upward path, You can meet Resistance in the $3,200 zonehe has remained left and right sides for the past few weeks.