The price of Ether (eth), native cryptocurrency of the Ethereum network returned to $ 3,000following the steps of Bitcoin (BTC) that today is marking historical maximums above $ 16,000.
In the following image, provided by TrainingViewit is observed what the price of ETH in the last 12 months has been:
This occurs in the middle of a high institutional adoption of the Ethereum cryptocurrency. As cryptootics has reported, more than 1 million ETH units are held by companies, foundations, DAOs, Defi protocols, etc., which store it as a value reserve and use it to do staking and obtain additional yields.
By simple supply and demand law, those purchases of finance giants cause the price of ETH to increase.
If eth follows its upward path, It could meet some resistance in the $ 3,200 zonewhere he has remained lateralized for several weeks in past times.
