Cointelegraph source reports that hashrate of Ethereum has kept on its bullish rate. As a result, it has achieved its twenty times highest rates as for the last twenty months. Thus, some optimistically-oriented traders are inclined to forecast the following rise of Ether to overcome other highs further in 2020.
On the whole, the cryptocurrency continues its preceding bullish rates which have been marked by several 2020 record indicators. The chart provided by Cointelegraph demonstrates the time scale of the Network development since 2016.
The main reasons of such spur are explained by pundits by the fact that the increasing number of Ether users prefer to use De-Fi platforms. This process also causes more miners to mine on Ethereum for their fees have been permanently increasing. As a result, markets face its hashrate skyrocketing.