Ether (ETH) is trading slightly higher on the 23rd, holding support above the $2,000 level after briefly retesting the $1,930 level on the 21st. Over the past week, the price of Ether has risen 2.5%, while the total market capitalization has increased 0.5%. This uptrend can be attributed to improved decentralized application (DApps) metrics, increased protocol fees and Ethereum’s dominance in the non-fungible token (NFT) market.
To assess whether Ether can sustain its $2,000 price, one must consider the impact of Binance‘s recent regulatory challenges following its plea deal with the U.S. Department of Justice (DoJ).
