Ethereum rises by more than 8% and the price exceeds $2700

The Ethereum cryptocurrency has risen by more than 8% in the past 24 hours, surpassing the price of $2700, and regaining its high levels once again.

Ethereum is the second largest cryptocurrency by market capitalization in the world, after Bitcoin, with a price reaching $2742, leading to a market value of $330.8$ETH billion.

This surge comes amid a wave of increases in major cryptocurrencies, following the announcement of an impending trade agreement between the United States and China, and resolving the tariff crisis, amidst a sense of optimism in the crypto community.

The rise in the cryptocurrency was supported by Ethereum exchange-traded funds (Spot ETH ETFs) in the U.S., which recorded the longest consecutive period of positive cash flows since May 16, attracting investments amounting to about $837.5 million, reflecting the growing institutional interest in the second largest digital asset globally after Bitcoin.

Source: CoinMarketCap