The broader cryptocurrency market is showing green almost across the board today following a U.S. federal judge’s ruling that XRP should not be considered a security in certain contexts. That momentum has propelled Ethereum, the second-largest cryptocurrency by market cap, over $2,000 for the first time in over two months.

Ethereum traded as high as $2,009 this afternoon, per data from CoinGecko, but has dipped slightly to a current price of $1,985 as of this writing. That’s a 5% rise over the past 24 hours, and a 14% gain over the last month.

The last time that Ethereum traded above $2,000 was on May 5, according to CoinGecko. Ethereum briefly popped above $2,100 in April, but other than those two brief time periods, ETH has remained under the $2,000 threshold over the last 11 months.

Even with today’s climb, Ethereum remains down 59% from its peak price point of $4,878 set at the peak of the cryptocurrency market in November 2021.

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Author: Andrew Hayward

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