Ethereum [ETH] crossed $1,500 on 19 July after it last crossed the mark on 12 June. This comes following the massive bull run from the level of $1,100 after the update related to the Merge came to the fore.
However, crowd disbelief is evident on social media as shown by the latest on-chain data. Furthermore, average returns on Ethereum have also shot up with the increasing prices. The average ETH return of 30-day traders has increased up to 28%, the highest since August 2021.
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