On Monday, Ethereum prices rose 16%, and by the end of the week, they had risen 42%.
On Monday, the total value of the cryptocurrency market worldwide topped $1 trillion.
The total market cap of all cryptocurrencies increased by 7.9 percent, reaching $1.03 trillion as of press time.
The next pick from Matt Maley could be like investing in Amazon in 2017.
On Monday, Ethereum hit a new high of $1,500, its highest price since June 12.
The second largest digital currency by market capitalization saw gains of 17.2 percent during the day and 44.8 percent over the course of the week.
Interest in “The Merge,” Ethereum’s transition from proof-of-work to proof-of-stake, was prompted by the deployment of Shadow Fork 9 last week.
Uphold’s head of blockchain and cryptocurrency research, Martin Hiesboeck, has coined the term “hopium” to describe Ethereum’s recent surge.