The second largest cryptocurrency increased in price by 8% overnight. Ethereum rate once again updated its historical maximum.
The rate hikes are associated with increased address activity. As reported by network data provider Santiment, the number of active addresses in the Ethereum network reached a three-week high.
ETH is now keeping pace with bitcoin. In October, Etherium rose in price by 25%. Some experts predict its rise to $10,000 by the end of the year.
Also in the Ethereum 2.0 Beacon chain, the Altair update was activated. Work on the improved network continues, Vitalik Buterin emphasized the importance of solving the problem of scaling and implementing the PoW protocol in the blockchain.