Ethereum has maintained its upward trend and momentum over the past seven days, recording a staggering $3.7 bln increase in market cap, from $5.7 bln to $9 bln. On May 5, Ethereum price established its new all-time high at $101 as the demand from both traders and institutional investors surged.
There are three major factors that have supported the increase in Ethereum price: widespread adoption in South Korea, satisfactory performance from the Enterprise Ethereum Alliance (EEA) and the emergence of innovative decentralized applications based on the Ethereum network.
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