The price of ether (ETH) has surged above the $1,900 region for the first time in eight months as the blockchain network’s Shanghai upgrade draws near. ETH is up by over 7% in seven days.
Ethereum, the world’s second-largest blockchain-powered cryptocurrency by market capitalization, has emerged as one of the top gainers this week. The leading smart contracts network gears towards the much anticipated Shapella upgrade (Shanghai upgrade).
At press time, ETH is exchanging hands for $1,913, with a trading volume of $13 billion. It represents a 5.1% increase in the past 24 hours. In the past 30 days, ETH has witnessed a 22.3% price increase.
