Ethereum rises for third straight session alongside other cryptocurrencies

Ethereum rose over 2% on Tuesday for the third straight session as most cryptocurrencies gain ground and risk appetite improves in the market following positive remarks by EU officials. 

At Bitstamp, ethereum rose $18, or 2.1% to $886 from the opening of $868, with a session-high at $896, and a low at $861. 

Ethereum closed up 3.1% on Monday, the second daily profit in a row, as most cryptocurrencies advance and demand climbs on ethereum as the second largest cryptocurrency in market value. 

Ethereum tumbled 7.8% last week, the third weekly loss in a month on concerns over increased limitations on trading platforms around the globe. 

Valdis Dombrovskis, president of the Financial Services Commission in the EU said the union is ready to regulate cryptocurrencies if their global risks haven't been dealt properly, calling for closer international inspection of the new business. 

The Group of 20 financial ministers and central bank governors are expected to gather in Buenos Aires next March, with cryptocurrencies expected to be one of the main issues discussed there.