Ethereum $ETH is showing upward momentum.
Everyones favorite crypto Ethereum is back in the spotlight as it did a jump today by %8.25.
It is up after almost 2 months of being stagnant. Its been since the end of May where we saw any significant movement. Ethereum has faced increased pressure recently from a surge in stable coin issuance and the rise of DeFi.
The reason could be the recent Bitcoin boost and that the long awaited Ethereum 2.0 network upgrade has taken one step closer to launch with a preliminary date announced for the final planned public testnet. August 4th.
In addition the home site of Ethereum https://ethereum.org/en/ received a visual redesign recently which is looking quite modern.
Lets remember Ethereum is the second largest cryptocurrency platform by market capitalization, behind Bitcoin. It is a decentralized open source blockchain featuring smart contract functionality. Ether is the cryptocurrency generated by Ethereum miners as a reward for computations performed to secure the blockchain.