Analysis Shows that ETH Will Go beyond $500

News • 2020/11/18 • по

ETH currently trades at $491, and there are chances the second-largest crypto across the globe trades above $500.

Different fundamentals are pointing to the imminent boom of ethereum. Users holding more than 1 ETH have surpassed previous figures of September. Institutional money from Grayscale and other investment platforms will also result in a positive movement for Ethereum.

Major signals

Historical charts show ETH could trade as high as $700

The total number of ETH holder surpasses the September all-time high

ETH now has more than 1m daily holders

Anyone who has missed the initial BTC run up can take advantage of the imminent ETH rally.

Ethereum is the top platform for Defi Tokens and Decentralized Apps, and the wave of Defi has made them settle more value on the chain than every other blockchain you can mention.

The Ethereum deposit contracts are yet to reach the required quote after going live more than a week.

Do you think ETH will trade past $500? Use the comment box to share your opinion.

Source: https://coingape.com/eth-price-breakout-imminent-ethereum-eyes-500-levels/

Комментарии (4)

Гость

visiblemoney

6 лет назад

Ethereum uptrend moves have been correlating with BTC's and surprisingly it attains $500 mark in 2020 and still consolidating more bull that can propell it further! To this end, $700 in 2020 is very visible if the momentum is sustained in bull run!!

andrei12

6 лет назад

the analysis was correct

exodusab

6 лет назад

As the price of Ethereum’s native digital currency, Ether (ETH), has had record-high transaction fees recently, the price of ETH has also shown an increased amount of volatility. A new high was hit at $495 at the end of August, after which the price took the elevator down and dropped more than 30% to $308. This dropdown caused the overall cryptocurrency market to slide as well, as the price of Bitcoin tumbled to test $10,000. Let’s take a look at the technical chart to see where ETH price, and hence many other cryptocurrencies, may be headed next.