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But it has also mirrored bitcoin to rise slightly in price recently.
Ethereum has risen by 2.77 percent in the 24 hours.
This is a pretty typical pattern as changes in value to the market leader, bitcoin, are often mirrored in other cryptocurrencies.
Ethereum is currently trading at £2,201.27 per ETH which is 30.94 percent below its all-time high of £3,187.69.
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