Ethereum price renews high above $ 3000

On Monday, May 3, the quotes of the second largest cryptocurrency by capitalization rose above $ 3000, setting a new price record.

Hourly ETH / USD chart on Bitstamp. Data: TradingView.

At the time of writing, Ethereum is trading at $ 3,097 (Bitstamp). Over the past day, the coin has grown by 6%, in seven days – by 34.5%, according to CoinGecko .

Cryptocurrency market capitalization exceeded $ 2.36 trillion. Bitcoin’s dominance index is 46%, Ethereum’s is 15.2%.

Previously, analysts suggested that institutional players are behind the current cryptocurrency rally .

On May 1, Fundstrat experts predicted a further rise in the Ethereum rate to levels above $ 10,000 in 2021.

Recall that JPMorgan named the reasons for the superiority of the second largest cryptocurrency over Bitcoin in profitability.

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