ETH Price Roars towards $3K as Radical EIP-1559 Upgrade Goes Live

The ETH price logged an impressive rebound towards $3K on August 5 after the much-awaited EIP-1559 software upgrade to the Ethereum blockchain debuted. The network adjustment, which is part of a broader move toward ETH 2.0, swiftly countered the downtrend seen in recent days as optimism from traders poured in.  The supply-focused update sparked a sudden burst of enthusiasm amongst investors that pumped the ETH price 8% to highs of $2,820. The momentum also propelled the biggest ETH rivals, BNB…