Ethereum price closed above its all-time high of $ 2,800 in April.

According to data from Nomics, the price of Ethereum closed April, rising above $ 2,800 for the first time. Ethereum has grown 189% to date and is over 1,200% over last year. There are several possible reasons for Ethereum's luck, including a steady move towards the faster and cheaper Ethereum 2.0 blockchain, and the growing optimism that the July network update could help lower gas costs and increase the price. Ethereum is heading towards ETH 2.0 with the “ super experimental '' testnet, but it should be noted that there is clearly an old bullish sentiment in the financial markets right now. Although the Dow Jones Industrial Average closed slightly lower today, it broke 34,000 in April, showing investors' confidence in US stocks. Cryptocurrency markets are also showing their strength after a hiatus in mid-April. Binance Coin is up 87% from $ 630 last month; Dogecoin has more than quadrupled its price over the same period; and Uniswap's UNI governance token continues to take advantage of its desire for decentralized finance (DeFi), which allows traders to exchange tokens, earn interest and borrow money without financial intermediaries. It is unusual for Bitcoin to remain relatively lagging, indicating that the crypto market is increasingly diverse and less dependent on BTC than in the past to shoulder the burden. After reaching an all-time high of over $ 63,000 on April 14, Bitcoin fell below $ 50,000 ten days later. Since then, it has grown by 15% last week.

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