What Causes Ethereum's Record Increase?

What Causes Ethereum's Record Increase?

Ethereum (ETH), known as the second-largest cryptocurrency after Bitcoin, at the total market expense among cryptocurrencies, has seen an incredible rise and its price has started to rise faster than ever before. The ETH / USD trading pair, which has recovered from the calm situation in the past weeks, rose up to $ 175, causing the reason for this to be wondered. INCREASE REQUEST FOR ETHEREUM When Ethereum's price chart is analyzed, it is seen that the main reason for this increase is Ethereum futures contracts. When the statistics shared by Skew Analytics are investigated, it is understood that there is a linear relationship between the price increase of Ethereum and the volume increase of ETH futures. When Ethereum price doubled, the volume of futures contracts doubled the volume of the past two weeks may not be a coincidence. OKEx cryptocurrency exchange also stated last week that there was a lot of interest especially from Asian markets to Ethereum futures. The Ethereum 2.0 update, which is expected to take place soon, and that everything is getting better can be interpreted as a price increase event. In addition to all these, it is said that the rise of Bitcoin has an impact on the movement of ETH.