According to data from CoinMarketCap, Ethereum prices gained by 37. 14% in the past week to reach a local peak of $2,600. The majority of this gain has been attributed to the recent Petra network upgrade of the Ethereum blockchain, which is designed to introduce many features, including boosting the ETH burn rate and market scarcity. Amidst Ethereum’s rally in the past week, the altcoin recorded a significant development that signals a long-term bullish market
source: https://www.newsbtc.com/news/ethereum/ethereum-holds-above-1900-realized-price-signaling-long-term-bullish-confidence/