ETH/USD closed at 1837.97 after placing a high of 1857.18 and a low of 1784.76. On Tuesday, Ethereum prices extended their gains for the third consecutive session and rose above the 1855 level amid the bullish news about the network being adopted by online payments service provider Visa Inc. After the adoption of the Ethereum network to settle transactions in USD coin by Visa, the popularity of Ethereum has increased. The outlook for Ethereum prices has improved due to increased adoption by institutions and technicals supporting the bullish trend.

Throughout 2021, Ether has been making higher lows, and the current trend directs that by the next month, Ethereum prices will see 1800 as a bottom level. Traders and investors who do not usually rely on technical were also becoming optimistic that ETH/USD will rise after the latest news from Visa. The upcoming Ethereum 2.0 upgrade that will see the network transition from the inherently inefficient proof-of-work to a much stable and efficient proof-of-stake has also improved the outlook for Ethereum that could also be attributed as a factor behind the upward momentum in Ether prices.