At press time, the ether-U.S. dollar (ETH/USD) exchange rate is at $322. As per CoinMarketCap, ether has gained 6.8 percent in the last 24 hours. Week-on-week, the cryptocurrency is up 11.92 percent, while on a monthly basis, it is carrying 5.6 percent gain.
The rise indicates that ether could be finally putting an end to a near three-week-long consolidation that saw prices restricted to a trading range of $280–$312.
The rally is perhaps surprising news, since it arrives when ethereum is considering a possible system-wide software update following a serious vulnerability arising with the Parity wallet. The issue has seen over $150 million in ether frozen – including the funds for a number of ICO projects.
So far though, ether prices are showing no signs of stress on the news.