Ethereum (ETH) price hits $3K for the first time since 2022

Ethereum price topped $3,000, a level not seen in more than 22 months.

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Ether (ETH) price topped the $3,000 level on for the first time since April 2022.

Ether climbed from a price of $2,881 on Feb. 19, surging more than 4% in the last 24 hours and 74% over the last 12 months, to hit a year-to-date high at on Binance at 13:45 UTC, according to data from CoinMarketCap.

Ether’s price performance comes as the market awaits the possible approval of spot Ethereum exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) and the implementation of the EIP-4844 through the Dencun upgrade.

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