Ether prices exceed $ 300

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At press time, the ether-US dollar (ETH/USD) exchange rate is approximately $305, compared to a low of $287 after a recent software update. And although the price may drop from a peak of $350 on the eve of the release, the relative stability of the price may be impressive because of the allegedly fragile state of the code.

It should be noted that the new blockchain ethereum has not yet been recognized as stable by its development team. Ethereum founder Vitalik Buterin said this week that it may take one or two months for further testing before it can be declared fully protected.

However, as the blockchain continues to work without problems, concerns about the possibility of a harmful security bug in the new code appear to be fading.

According to CoinMarketCap, the cryptocurrency rate in the last 24 hours has lost 1.6 percent. Week-on-week, ETH fell by 8.9 percent, while monthly it still rose by 7.78 percent.

Analysis of the price effect shows that the probability of a bull run in the short term is low.