Ethereum price achieved $473 and is up 32% over the past 30 days

The price of Ethereum (ETH) achieved $473 for the first time since June 2018, primarily buoyed by decentralized finance (DeFi).

This time, the rally of Ethereum is driven by a noticeable spike in user activity, especially in the DeFi sector.

Heading into 2021, the sentiment around Ethereum seemingly remains optimistic. The price of ETH is at a two-year high, daily transactions are approaching early 2018 levels, and the DeFi market is rapidly evolving.

What’s next for Ethereum?

There are two key catalysts buoying the momentum of Ethereum: ETH 2.0 and DeFi.
In the short to medium term, the two factors would remain as persistent catalysts for Ethereum.

Atop the fundamental strengths of the ongoing Ethereum rally, declining exchange reserves and increasing buying demand on major exchanges indicate growing momentum.

Ethereum, currently ranked #2 by market cap, is up 32% over the past 30 days. ETH has a market cap of $52.93B with a 24 hour volume of $19.37B.

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