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Ethereum Leads Crypto Rally on Software-Upgrade Optimism

  • Ether, Ethereum Classic, Uniswap and Lido tokens have rallied
  • Investors expect upgrade to finally take place in September
Updated on

Cryptocurrencies rallied for a second day, with Ethereum-related tokens leading gains, as risk aversion eases and optimism grows about the long-anticipated software upgrade of the blockchain network. 

Ether, the native token of Ethereum, jumped as much as 11% to $1,783, and surged 29% on an intraday basis since Tuesday, the biggest two-day gain since January 2021. The digital token is still down about 50% this year.