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Why is Ether (ETH) price up today?

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Ether (ETH) is witnessing a price breakout on the back of increasing institutional interest in the second-largest cryptocurrency by market capitalization. The increased bullish sentiment pushed Ether price up by 2% to an intraday high at $2,118, and ETH trading above $2,000 could be a sign that greater attention is shifting toward Ether. The renewed bullish momentum comes after last week’s blockbuster performance that saw ETH gain 10.4%.

Ether price. Source: TradingView

Let’s review a few of the reasons for Ether’s newfound strength.

network fees and revenue. Source: TokenTerminalEther supply. Source: Ultra Sound Money

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