BeInCrypto –
Ethereum has seen its price recover and stabilize back over $3,000 as burned ETH and Staked ETH continue to climb.
Ethereum’s price has seen a favorable climb over the last thirty days. The crypto has surged nearly 75% from 22 July until 21 August. Ethereum has sky-rocketed from $1,800 up to its current price of $3,265.
Source: Tradingview ETH Burned surpasses 73,000
Key reasons for ethereum enjoying positive price action can be credited to the recent London hard fork upgrade, which now sees ethereum being burned daily. Since the upgrade, ethereum has burned a total of 73,569 ether, or $240 million. That is an additional 27,551 Ether burned in the past week.
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