Why is Ethereum (ETH) designate up at the present time?

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Ethereum's native token, Ether (ETH), rose to three-week highs, rallying in lockstep with the broader cryptocurrency market, as smartly as shares.

On Jan. 9, ETH's designate rose 2.85% to immoral above $1,325 for the first time in three weeks, a key stage that could furthermore pave the token's course toward $1,350 next if its outdated designate efficiency is any indication.

<em><span class="aqPopupWrapper js-hover-me-wrapper"><a href="https://www.investing.com/crypto/ethereum/eth-usd" id="63bc7fc8129cf" class="aqlink js-hover-me" hoverme="aql" data-pairid="158142">ETH/USD</a></span> day-to-day designate chart. Source: TradingView</em>
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<em>Ethereum alternatives originate passion by strike designate. Source: Glassnode</em>
<em>Ethereum present rate after its community toughen to proof-of-stake (PoS). Source: Ultrasound.Money</em>

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