Why is Ether (ETH) price up today?

Ethereum (ETH) is witnessing a price breakout on the back of increasing institutional interest in the second largest cryptocurrency by market cap. The increased bullish sentiment pushed Ether price up by 2% to an intra-day high at $2,118 and the fact that ETH trades above $2,000 could be a sign that greater attention is shifting toward Ether. The renewed bullish momentum comes after last week’s blockbuster performance which saw ETH gain 10.4%. 

Ether price. Source: TradingView

Let’s review a few of the reasons for Ether’s newfound strength.

Institutional interest soars as the spot ETH ETF hype spreads

The institutional investor hype began on Nov. 1 when the U.S. Securities and…

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