The price of Ethereum exceeded $4.7 thousand on Nov. 08, 21. In the total capitalization of cryptocurrencies at $3 trillion, the share of ETH is more than 18%.
The altcoin’s capitalization currently exceeds $560 billion, according to CoinGecko. Ethereum rose 4% in 24 hours. Since the end of September, the price of the coin has increased by 74%.
Ethereum network is actively developing. Thus, in August of this year an update of London was launched. The innovation was aimed at changing the mechanism for paying commissions in the network. Part of the interest previously accrued to miners is burned after the update. In addition, the launch of 1/10 ETH futures was announced last week. This trading instrument will become available to investors from 6.12.2021.