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