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- ETH price has risen nearly 85% since low in late July
- ETH Price has reached 8 month trend line
- EIP-1559 had a successful launch
Major Trading Price Levels
Ethereum (ETH) price has been on a terror run ever since price formed a triple bottom at the $1700 support. The last sweep of this support was nearly 3 weeks ago & now ETH price is up 85% since. The NFT market has been exploding the last few weeks as well with NFT volume hitting all time highs. The majority of NFTs are hosted on the ethereum blockchain, which increases overall usage of the network. To add the icing on the cake, Ethereum successfully launched its EIP-1559 (London) upgrade over the last week which has greatly helped price action.