Ether and other cryptocurrencies are rising in value as investors await the outcome of the US Federal Open Market Committee (FOMC) meeting, which is expected to announce a 25 basis point increase in interest rates.
The daily change in ETH was +3.79%. The value of the cryptocurrency reached 1795.91 USD.
Ethereum, the second most valuable cryptocurrency, has gained considerably in the last 24 hours. The rapid development of cryptocurrencies as a result of major bank failures emphasizes the increasing importance of decentralized digital currencies in financial markets.