Why Ethereum (ETH) is Up Almost 50% in 6 Days

Ethereum is going through a massive rally over the past six days as its price increased by a whopping 50% over the period – against the USD.

ETH also strongly outperformed BTC, and it’s up 25% against it over the same period, as seen in the chart below.

ETHBTC_2022-07-18_11-40-49
Source: TradingView

This move comes roughly a month after the cryptocurrency was trading within a fairly narrow range, which evidently broke to the upside.

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