NEW YORK – Ether (ETH), the native cryptocurrency of the Ethereum network, demonstrated significant strength on Tuesday, August 6, rallying more than 1.6% in a positive trading session that captured investor attention.
As of 19:38 UTC, the price of Ether stood at 60.76 for the day. The upward move marks a decisive break from its previous closing price of $3,611.78, signaling renewed buying pressure in the market.
The day’s trading chart reveals two key waves of momentum. After an initial spike early in the session, the price stabilized before a second, more powerful rally began in the afternoon. This surge pushed Ether to an intraday high approaching the $3,700 level, a key psychological milestone for traders.
While the price has since settled slightly below its peak, its ability to hold onto the majority of its daily gains indicates strong underlying support. The sustained performance above the previous close suggests a shift in sentiment and has positioned Ether on a bullish footing for the remainder of the trading week. Investors will be closely watching to see if this momentum can be maintained in the sessions ahead.
