Ethereum (ETH) price breaks $3,500 and hits three month highs against Bitcoin (BTC)

Ethereum’s native asset Ether has extended its rally on Sep. 1 to log multi-month highs against Bitcoin and the United States dollar (USD).

The ETH/BTC exchange rate rose 3.13% to hit 0.07475 for the first time since June 9. Meanwhile, bids for ETH/USD climbed 3.4% to $3,546, the highest since May 18, showcasing a renewed upside sentiment in the second-largest cryptocurrency market after it consolidated sideways for more than three weeks.

Ether’s price jump appeared despite a wobbling price behavior across the cryptocurrency market. For instance, Bitcoin prices remained stuck around $47,000 while eyeing a clear breakout move above their psychological resistance level of $50,000.

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