Ethereum price ignited a strong recovery from the recent losses as the crypto market sentiments. The second-largest crypto surged nearly 6% since the previous day’s close after hitting a 14-month lower level. However, the ETH kainos are expected to continue surging towards the highs to close the monthly trade above $2000. And the top reasons why the price may close the monthly trade on a bullish note are as follows.
Cardano-Ethereum Bridge Goes Live
A bridge to convert users USDC from Ethereum to Cardano blockchain goes live a couple of hours before. The bridge is expected to break the barriers and promote interoperability, accessibility and offer a significant decentralized space for the traders.
No.of Non-Zero Addresses Reach ATH
With the rising hopes of the ETH rally in the upcoming days, the non-zero addresses also reached their peak of more than 81 million. And hence it indicates traders accumulating huge ETH as a significant upswing may be in place with the upcoming merger.
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Source: https://coinpedia.org/ethereum/ethereum-price-ranged-by-more-than-6-to-regain-levels-above-1900-is-it-the-time-to-buy-eth/