The price of Ethereum broke past $3000 for the first time on Monday as the cryptocurrency gained on its rival Bitcoin. After the latest rally, the coin’s value has quadrupled in 2021, and demand for Ethereum continues to rise.
Bitcoin prices tripled throughout 2020, and doubled in the first two months of 2021. However, trading volumes have had a hard time keeping up with demand. As Bitcoin neared a peak of $60,000 over the weekend, can buyers continue to support the ongoing rise?