The Ether price has surpassed the $3,500 barrier for the first time since the May drop.
At press time, the second-largest cryptocurrency by market capitalization is trading at $3,527.33, according to CoinMarketCap.
The crypto's capitalization has reached $413.904 billion.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
In August, the network hashrate of the second largest crypto in the market by market cap reached an all-time high. The revenues of the miners of the altcoin grew by 60% during the same period.
A large-scale block reorganization of the Ethereum network was recorded at the end of August.