Ethereum has seen a price bump of around 5% as bullish news continues to arrive for the platform.
Ethereum, the second largest cryptocurrency by market cap, has seen a slight price bump of around 5% according to data on Coinmarketcap.
News that Goldman Sachs is looking to launch options trading for the smart contract platform may have led some way to its price hike.
Additionally, the test block for the EIP1559 upgrade has now been set. This means that Ethereum’s highly anticipated upgrade, which will double the gas limit, has now entered the test phase and spells further bullish news for ETH.
Where to buy Ethereum?
Why are people looking to buy Ethereum right now?
Ethereum has been met with a lot of bullish news recently as its price continues to range in an accumulation zone.
News that Bitcoin and Ethereum outflows on exchanges have increased has also fanned the flames for a jump up into a new channel. Or, the coin may make a return to the all-time-high the coin reached last month of around $4,300 and spend some more time accumulating.