{"id":47295,"date":"2021-08-05T20:39:43","date_gmt":"2021-08-05T17:39:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=47295"},"modified":"2025-09-01T20:37:11","modified_gmt":"2025-09-01T17:37:11","slug":"ethereum-price-tops-2800-on-back-of-successful-london-hard-fork","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-price-tops-2800-on-back-of-successful-london-hard-fork\/","title":{"rendered":"Ethereum price tops $2,800 on back of successful London hard fork."},"content":{"rendered":"

After activated<\/a> on August 5, 2021, the London hard fork in the Ethereum network saw the cryptocurrency’s price rise to a local high above $2,800.<\/p>\n

\"Ethereum
ETH\/USD hourly chart on Bitstamp. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

The intraday high on Bitstamp stood at $2,820. The coin had traded at that level in early June.<\/p>\n

At the time of writing, the price sits near $2,800.<\/p>\n

Over the past seven days Ethereum has risen more than 21%, according to CoinGecko<\/a>.<\/p>\n

\"Ethereum
Data: CoinGecko.<\/figcaption><\/figure>\n

ForkLog interviewed experts on the eve of the hard fork who disagreed<\/a> about how the update would affect the coin’s price.<\/p>\n

Yuriy Mazur, head of data analytics at CEX.IO Broker, suggested that Ethereum would continue the rise that began even before the event.<\/p>\n

Lead EXANTE strategist Yanis Kivkulis also expressed the belief that the hard fork would positively affect the price, but in the short term the asset could face selling pressure and a pullback, he added.<\/p>\n

Both experts agreed that the upgrade of the second-largest cryptocurrency would not affect the Bitcoin price, as there is no tight correlation between them anymore.<\/p>\n

The price of digital gold sits at around $39,500 after reaching a local maximum above $42,400 on July 31.<\/p>\n

Joseph Lubin, CEO of ConsenSys, said<\/a> that Ethereum would be orders of magnitude larger than the flagship cryptocurrency and already surpasses it in several metrics.<\/p>\n

Subscribe to ForkLog’s news on Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

After activation of the London hard fork on August 5, 2021, Ethereum’s price rose to a local high above $2,800.<\/p>\n","protected":false},"author":1,"featured_media":47296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46],"class_list":["post-47295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=47295"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47295\/revisions"}],"predecessor-version":[{"id":47297,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47295\/revisions\/47297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/47296"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=47295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=47295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=47295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}