The price of Ethereum reached a new all-time high surging over $2.730. Its market cap went up to $314.1 B.
Ethereum ecosystem keeps growing and getting ways to solve scalability problems. Recently the launch of the Berlin hard fork took place. The upgrade London is scheduled to release on July 14. Due to upgrades, the gas fee dropped to three-month lows falling below $10.
The demand for investments is high. Ether's open interest on the Chicago Mercantile Exchange (CME) broke above $287 M.Active Ethereum addresses reached an unprecedented number of 771.000.
Along with this, new investment products related to the token appear on the market. On April 17, Canada approved the first Ethereum exchange-traded funds (ETFs) from Purpose Investments, Evolve ETFs, and CI Global Asset Management. On April 20 the products went live on Toronto’s stock exchange.
On April 27 JPMorgan issued a paper titled "Why Ethereum is outperforming?".