ETH rally continues, with its price trading near $3,100 for the first time

May 3, 2021 | The Block News | 0 comments


Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, has crossed the $3,000 mark for the first time.

At the time of writing, the ETH price is trading near $3,100 on Coinbase, according to tracker TradingView. The price has continued to rally this year, with gains surging above 300%.

Over the past year, ETH’s price has gained over 1,400%. In May 2020, ETH was trading around $200.

The meteoric rise of ETH has even outpaced that of bitcoin, which has gained around 550% over the past year.

Bitcoin is currently trading at around $58,000. It was priced at about $9,000 in May 2020.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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