Ethereum Surges Above $3,000 on Back of $26.5 Million ETH Burn

Ether (ETH) price surged above $3,000 for the first time since May registering a 12% surge over the past 24-hours. The second-largest cryptocurrency has built a bullish momentum in wake of the recently concluded London Hardfork. Ethereum network successfully upgraded five Ethereum Improvement Proposals (EIPs), out of these five EIP-1559 was certainly the most talked about.