Ether rose 56% this month in its strongest monthly gain since July 2022 amid strong ETF flows and ETH treasury firm buying.
Ether has just clocked its best monthly return in three years, surging 56%, with one analyst calling it akin to a “90s tech stock” on the back of strong recent ETF inflows.
ETH is currently trading at $3,862, which is significantly higher than its July 1 opening of $2,468, according to CoinGecko.
This marks the first time that Ether has given a monthly return of 50% or more in a single month since July 2022, when ETH surged by 56.62%, according to CoinGlass.
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