Ethereum (ETH) has been experiencing an upward trajectory for quite a while now, reaching its highest yearly price point in the week and presenting an impressive 52-week high.
Ethereum’s Price Supported By Latest Developments
The Ethereum’s price surge can be traced back to several factors that have propelled the cryptocurrency’s growth. The asset reached its 52-week high of $2,137 on Thursday, November 9, as seen in the chart below.
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One of the factors that has contributed to the crypto asset’s price surge is the number of ETH staked. A rise in ETH staked, which stood at over 28 million, according to data from Beaconscan.
As of August, the number of validators in the Beacon Chain was approximately 786,000, but today that number is currently
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