Ethereum Surged to $1750. Miners' Profits Also Went Up

by in Cryptocurrency News

Ethereum bullish 2.6.2021

Today the price of Ethereum reached a new all-time high of $1750. Within a week, the cryptocurrency has gained over 25%. Three days ago, CME Ether Futures was launched. It is now a part of cryptocurrency risk management solutions available at derivatives marketplace CME (Chicago Mercantile Exchange) Group.

Related: Grayscale spoke about the rise in capital investments in ETH

There is a bullish trend for Ethereum. Both investors and miners benefit from this.

The open interest on the second-largest cryptocurrency's futures reached a record $6.5 B, which means it grew by 128% in a month.

The average transaction fee surpassed $25. At the beginning of January, this indicator was $5.

These changes allowed miners to mint $3.5 million in only one hour. At the moment, Ether trades for around $1700. It's worth mentioning that the total number of ETH coins staked with the Ethereum 2.0 has reached a peak of 2,947,682. On Friday, Grayscale Ethereum Trust purchased another 21,000 ETH coins, thus making the amount of weekly trades pass 100.000 Ethers. Grayscale Ethereum Trust now is above $5 M.