Ethereum (ETH) hits a new ATH, surpassing $ 3000 What is the next target?

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(Edited)

While cryptocurrencies, which rank first in terms of market cap, have a stagnant day, Ethereum (ETH) continues its successful rise in recent days. Bitcoin (BTC) again wants to surpass $ 60,000 and reach a new high. On the Ethereum (ETH) side, everything is fine. ETH just hit a new ATH, surpassing $ 3,000 for the first time. ETH broke the all-time record at $ 3028.5. Will it be able to continue its successful rise? and what's the new target?

Ethereum continues its upward trend that it caught in April. ETH, which fell to $ 1950 in April, recovered in a very short time and caught an upward trend. ETH, the second most valuable cryptocurrency in terms of market cap, managed to break the all-time record by surpassing $ 3,000. It is currently trading at $ 3027.

It has been 2 weeks since the Berlin update, which is the last update of Ethereum. During this period, there appears to be a significant increase in the total number of transactions, and it seems that the fees paid in these transactions decreased by one third. While the average transfer fee was around 300 Gwei before, after the update it dropped to an average of 75 Gwei. I think even the 75 Gwei is very high, but with this decrease, it is seen that the application of dApp (Decentralized Applications) and new financial solutions such as DeFi (Decentralized finance), AMM (Automated Market Maker) are turning to Ethereum again.

As I said, even 75 Gwei I think it's too high, but Ethereum remains the leader in this area. But the fact that Binance Smart Chain is much cheaper and faster causes it to attract investors and new projects. In the coming months, first London and then Ethereum 2.0 updates are expected, if everything is as planned, Ethereum (ETH) will reach higher.

In addition, the price difference between Ethereum (ETH) and Bitcoin (BTC) is decreasing day by day. Generally, institutional investors are investing more in BTC, but lately they appear to have invested in ETH. I think that new institutional investments will also come to ETH, though not as much as BTC in the coming months. With new investments to come, ETH may exceed $ 4,000 in May.

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