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Ethereum Price Surges 7% After Monday Drip

Dawn Wu

Summary: Ethereum (ETH) is recovering from its weekend market cap drop and has soared to $206 billion, a $9 billion increase since Tuesday, according to a report on Decrypt.

Ethereum (ETH) is recovering from its weekend market cap drop and has soared to $206 billion, a $9 billion increase since Tuesday, according to a report on Decrypt. 

At the moment of writing, the second-largest cryptocurrency by market cap is now trading for $180.88, based on Bitpush market data. Decrypt suggests that the WTI crude oil future price slump on Monday may have influenced the currency’s drip.

Ethereum lately launched its 2.0 testnet, which collected more than 20,000 validators within two days. 

By Dawn Wu

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