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Ethereum price breaks $3,500 and hits 3-month highs against Bitcoin

Published 09/01/2021, 07:47 AM
Updated 09/01/2021, 12:40 PM
Ethereum price breaks $3,500 and hits 3-month highs against Bitcoin
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Ethereum’s native asset, Ether (ETH), has extended its rally on Wednesday to log multi-month highs against Bitcoin (BTC) and the United States dollar.

The ETH/BTC exchange rate rose 3.13% to hit 0.07475 for the first time since June 9. Meanwhile, bids for ETH/USD climbed 3.4% to $3,546, the highest since May 18, showcasing a renewed upside sentiment in the second-largest cryptocurrency market after it consolidated sideways for more than three weeks.

ETH/USD and ETH/BTC daily price chart. Source: TradingView
Cardano prices vs. its market dominance against all the cryptocurrencies. Source: TradingView
Ether balance across exchanges drop as ETH/USD rise. Source: CryptoQuant
Total value staked in Ethereum 2.0 smart contract exceeds $25 billion. Source: CryptoQuant

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