Ethereum (ETH) has extended its bullish price rally today. The second biggest cryptocurrency surged passed $280. With that, Ethereum reached the highest level since September 2018. 

The Ethereum market cap increased by a stunning $2 billion over the past 24 hours. During a sudden bullish rally, the Ethereum price has risen again exponentially, now trading at $284. The last time Ethereum traded at this level was on the 4th of September 2018.

The Ethereum price jumped from $274 to $288 in just a few of hours. After the rally, the coin has retreated to $284. Despite the small correction from the $288 high, ETH has gained over 4.7% in the past 24 hours.

Ethereum has been doing very well in 2019. As can be seen above, exactly two months ago, the ETH price was still trading at $142. This is exactly half the price at which Ethereum is trading today.

If Ethereum can keep its bullish momentum, we might see the token above $300 again very soon.

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