Nicholas Marinoff

Ethereum (ETH), the second-largest cryptocurrency by market cap and the primary competitor to bitcoin, is currently trading for around $177 per coin, according to Messari. 

This marks a $4 per token jump in the past 24 hours, as nearly the entire crypto market sees green.

Nearly all of the top 20 cryptocurrencies by market cap incurred gains today, ranging anywhere between 0.05 and 10 percent. Ethereum increased nearly 2.5 percent since yesterday in a welcomed shift for ETH holders. Yesterday, ETH looked like it might drop below $170 for the first time in weeks.

But the month has not been particularly kind to Ethereum. Data suggests that the highest point for Ethereum over the last 30 days occurred on September 20, with the cryptocurrency surpassing the $220 mark for the first time since early August.


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<span data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;First described in a 2013 whitepaper by programmer Vitalik Buterin, Ethereum (ETH) is a cryptocurrency and blockchain platform that allows developers to create programs and run smart contracts using its native language. It can thus be viewed as a virtual computer, whose resources are paid for using Ether.\r\n\r\nIn 2020, Ethereum began the transition to Ethereum 2.0, in which its proof-of-work consensus mechanism is replaced by a proof-of-stake model. The aim of the upgrade is to increase Ethereum’s scalability and security.\r&quot;}" data-sheets-userformat="{&quot;2&quot;:547,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:14281427},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}">First described in a 2013 whitepaper by programmer Vitalik Buterin, Ethereum (ETH) is a cryptocurrency and blockchain platform that allows developers to create programs and run smart contracts using its native language. It can thus be viewed as a virtual computer, whose resources are paid for using Ether.</span>

In 2020, Ethereum began the transition to Ethereum 2.0, in which its proof-of-work consensus mechanism is replaced by a proof-of-stake model. The aim of the upgrade is to increase Ethereum’s scalability and security.

First described in a 2013 whitepaper by programmer Vitalik Buterin, Ethereum (ETH) is a cryptocurrency and blockchain platform that allows developers to create programs and run smart contracts using its native language. It can thus be viewed as a virtual computer, whose resources are paid for using Ether.

In 2020, Ethereum began the transition to Ethereum 2.0, in which its proof-of-work consensus mechanism is replaced by a proof-of-stake model. The aim of the upgrade is to increase Ethereum’s scalability and security.

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After teasing Ethereum hodlers with a near drop back to $170 yesterday, ETH is on the way back up.

Ethereum rebounds after threatening drop below $170

After teasing Ethereum hodlers with a near drop back to $170 yesterday, ETH is on the way back up.