3 key factors that propelled Ethereum to $2,000 for the first time ever

The price of Ether (ETH) is surging past $2,000 with strong momentum while gaining a bit of ground on Bitcoin (BTC) in the last 24 hours. 

There are three key reasons behind the explosive rally of Ether, namely the rapid growth of DeFi, the hype around ETH after the CME futures listing, and the decreasing amount of BTC and ETH on exchanges.

ETH/USDT 4-hour price chart (Binance). Source: TradingView.com

CME futures listing institutional hype

Ether hitting $2,000 for the first time ever follows…


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