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Ethereum saw explosive gains yesterday, with the main altcoin rising about 10% from its daily low of $515 to hit $570 at the time of writing. Ethereum can be congratulated on reaching a new 2020 high. But this may be only the beginning of the rally, and Ethereum will show new growth points more than once before the end of the year.

The optimism about Ethereum price dynamics is reinforced by several positive factors. The first is the market behavior of Bitcoin. After peaking at $18,488 in the last trading week, the flagship crypto price has dropped to $17,500. One of the reasons for the price pullback was the decline in institutional investor activity over the weekend. Bitcoin may be now approaching a correction phase, so market participants are switching from BTC to altcoins.

Secondly, we see a general recovery in the DeFi market, which is accompanied by a new influx of funds. Leading DeFi tokens also cheered up after falling in November and closed last week again.

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Ethereum faces a strong resistance level

Ethereum surpassed the $500 level for the first time since June 2018. Despite the optimistic forecasts of traders, Ethereum will struggle for the critical resistance level of $600 in the short term. In the specified price region, the asset will face strong selling pressure, since this point became a "springboard" for bears two years ago.

"According to technical analysis, we can slightly adjust from the current price to the level of 560-570 USD, but Ethereum is gaining momentum and does not plan to stop yet; the limit of 600 USD does not seem so impassable. Most of the market participants are set for growth now, and until we see protocol 2.0, the increase will continue with small corrective movements."

If the bulls push Ethereum above $600, another victory may appear on the account of the crypto asset – a price increase of 350% per year. Overcoming this resistance level can bring Ethereum into a new price range of $ 700 and above.

Ethereum 2.0 “heats” the price of ETH

The launch of the deposit contract was one of the catalysts for the current surge in the price of Ethereum. As we approach the deployment of the new phase of Ethereum 2.0, this trend can only intensify.

Vitalik Buterin, is convinced that at this stage the foundation is being laid for the successful integration of the Ethereum ecosystem into the global economy. He also added:

“Now it is important for us to build a reliable ecosystem so that in 2 years our main task is narrowed and consisted only in supporting the functionality of the network. Our team is following the Ethereum 2.0 roadmap, and upon completion of the upgrade process, we are confident that we will reach the point where our network becomes an integral part of the global economy. "

In general, analysts give positive forecasts regarding the dynamics of the price of Ethereum in the long term, and the launch of Ethereum 2.0 may play a decisive role in this.

All cryptocurrencies have been affected by what is happening to Bitcoin, so the rise in ether does not attribute the fact that Bitcoin has risen and has stopped fluctuations.
Ethereum got some good news from the recovery of DEFI market and the upcoming release of ETH V2. But they are only the reasons that make the price rise, not the causes.

If the second wave of Covid 19 continues and is more powerful, we might see levels above 1000.

yes, and for me the price could grow more and even touch about $700 - $800 in this year but if bitcoin price growing more and break its ATH
i think ethereum price can reach about $1000 if this positive markets continues

Yes, and ETH will be able to reach ATH again in 2021 when Biden is officially appointed president of the United States.
With the economic policy oppressing the rich and the growing cases, Bitcoin and the top altcoins will soon be the new turnaround of major financial funds. Staking in Ethereum 's PoS is a good deal because there is a lot of demand for trading at the ERC-20 platform that will further stimulate the price of ETH.
Bull run will continue because the vaccine is still uncertain for mass production, maybe the whole world will have to look to the Crypto market to avoid inflation.

The deposits made by everyone for the launching of 2.0 is pushing it to reach a higher price. We may soon see it get back to $1k but not so fast, that would be the after-effect of 2.0 when it's already launched.

It really can but we won't know when it will hit $1k again.

That's highly possible eth will reach on that price as long as market attracts more investors to deal with it everything will happen accordingly. However as growing state inspired us a lot, I would highly recommend to choose wisely what coins will prosper at the end. Sometimes beeing too rush might affects us emotionally that's why our wrong moves will suddenly stressed us on buy and sell timings.

It will happen soon, because in just 2 days Vitalik was able to call for more than 524k ETH and that shows the heat of the current ETH. Ethereum 2.0's PoS will be truly profitable for everyone because the transactional demand is so high for their platform. So this is more and more time for whales to participate in Staking and at the same time push the price of ETH up to 1000 $ soon!
In addition, we have a growth of BTC that will also cause ETH to grow further. Well, there are too many reasons for the price of ETH to go back to $ 1000 ;D

Finally, ethereum can break $610-$620. That is the new ATH for now, but I am sure that ethereum will have a big chance to increase and make another new ATH soon.
With bitcoin price is down now, altcoin can increase, and many altcoins can move high and increase to the high price.
But we need to be more careful because it seems, bitcoin price wants to bounce to the high price, and if that happens, we don't know if the altcoin wills have a chance to increase or not.
But this time, ethereum makes good progress in increasing in a day, and the price is still trying to increase although it seems the high price is already touched, so ethereum maybe needs another time to lift the price.
If ethereum gets more supports from the investor, the price could increase higher than the last high price.

hoping that People are not over and exaggerated in expecting too much for the launch of 2.0 version of ethereum because there is too much noise now
as the days count is near to end.
December 1 the said launch and now Ethereum is showing the market why She positioned in rank 2 though the following coin in which Ripple is making much higher comparing to ETH growth.
But bull is just beginning and the totality will be seen in the Year end ,more than 1 month from now.

Wow,,, just managed to check a few hours ago after overnight in Asia that Ethereum just went on to hit $610++ I guess now everybody wants it to hit half of the current ATH at $1400 which means $700 is going to be the target.

Is this really just all about ETH 2.0?

Yes, it surely is. But looking at the rally towards ETH2.0, I think that total reward will be reduced as more people join.

I think the impact of 2.0 is still not visible. ethereum rose only because bitcoin has increased. this happened because of the buyback process, to get profit from bitcoin to ethereum. Just look at the rise in ethereum always starts when bitcoin stops moving, so this increase is not due to 2.0. people are already losing their interest because of too much trouble to upate ethereum 2.0.

$600 is the price of Ethereum just today. And the deposit contract of Ethereum for the launching of 2.0 has finally been funded and complete.
For people that don't know what's the ETH2 deposit contract, here it is: https://etherscan.io/address/0x00000000219ab540356cbb839cbe05303d7705fa

According to the LongForecast, Ethereum is in for a rather brighter future.

I did wonder yesterday if this was about 2.0,,, and from the main headlines you can see actually there are conflicting reports. Some say that today is the last day for staking ETH by the deadline proposed by devs, and supposedly it will not reach that target. That is bad news that will delay further 2.0. But other sites say this means 2.0 is coming sooner than expected so that is driving the rally. What happens when all that ETH gets unstaked I wonder?

Not only has the 2.0 contract been filled, but another 240K (https://beaconcha.in/) ETH was deposited today alone ($125million), despite the price consolidating. Now it's starting to look like the demand for Ether right now is going directly into validator nodes, given the launch date has been set. Either that, or it's a huge coincidence that the contract keeps growing exponentially.

This has also dropped the largest holder of validation nodes to 6%, compared to Bitcoin's largest mining pool that has 27%]=https://coin.dance/blocks]27% (http://=https://coin.dance/blocks), this is great progress for decentralization. Three of Bitcoin's largest mining pools have 50%+ of the network, whereas with Ethereum the top 3 validator nodes have less than 15%  8)

I am really excited to see the bullish momentum back in the market after a long time and im sure market will build on it and further upside is expected especially after eth 2.0 and staking we can expect eth to become unstoppable.

Well just like bitcoin surpassing barriers since 2018 and now pricing 19,000$ and Ethereum as well Go another high to $600.

We are all waiting for the total result of this 2.0 version once launched because this will prove if the price will make strong position or just another bubble story.

Anyway Ethereum has nothing to prove as it is tested in many occasions .

That’s the best thing we can do right now, to buy more ETH because we know that the price of ETH will continue to rise and many are waiting for this update. If we’re going to witness another peak of the market, i cant afford to miss this one. Also, ETH will boost the altcoin season stock more good altcoins now.

Ethereum is one of the top altcoins whose performance is getting better towards the end of the year, many people believe the price of Ethereum
will increase until 2021. So from now on, there have been so many investors who have started buying Ethereum, so it's no wonder the price of
Ethereum can reach the current price of $ 600. I believe the Ethereum price this year will be able to reach $ 800, So my advice for people who
have bought Ethereum when the price is below $ 400, don't sell it now for take profit, because the price of Ethereum can still go up again.
 

wait it till next year and all time high will  broken. ethereum 2.0 will be main trigger for ethereum movement , and so far investors response was very good and they interested to fill their bag before too late. and current price was good enough to rebuy ethereum.

Ethereum price may possibly reach high once this upgrade will occur. When the ethereum contract release a lot of users buy some ethereum to hold in their wallet as they believe it will push the value in the market. So as we can observe these days ethereum is dominating among other altcoins which is a good move it will rise possibly next year.

Sorry to break your heart but it is Ripple that who's dominating the altcoins and ethereum is just on green light.

But Yes this new version of ethereum has been the speak of altcoin community for how many months now so at least they have already settled the date in December 1 and the closer it gets the higher market will become.

Im not sure about that, did you remember the announcement of deposit contract for ethereum 2.0 gives nothing to the ethereum price? The price of ethereum is quite stable right now.
I will not put a lot of hopes to the ethereum 2.0
The deposit contract is not giving a good result as it's less than the threshold.
Honestly, people are overrated with ethereum 2.0 will give a big change to the ethereum especially with its price.
I wonder how people are hyping it so much.

yesterday our friends here in the forum are talking about how ripple pumps . im not updated to that because my eyes are sticking to etherium but when i look at the ripples value it was still under 1 usd .

 sorry too because for me that wasnt really impressive enough but compare to eth which value is now going to 700 us dollars in a short amount of time  but we can say that xrp and eth are now both dominating the altcoin charts  .

did xrp have a simillar update same as eth on why its value is increasing now ? or there could be xrp 2.0 too that will come in ripple

First of all, it was XRP not ripple cause ripple was the name of the project system while XRP was the name of the project cryptocurrency
With that been said, you amazed me when you named XRP as the dominant coin in the altcoin market when it has nothing to offer to the crypto community or haven't you noticed that the project only focuses on the provision of services to the centralized and private companies? How is it dominant when the crypto communities don't support it?
Kudo to ETH and the team for doing something worth it for the crypto communities.

This is completely understandable since there is not much news about eth other than eth2.0 news, i think next time eth price will have more changes as eth2.0 is approaching and the market. All are following the uptrend, i also it will explode strongly in the near future.

Actually, without an update to ethereum 2.0, it is certain that it will continue to increase sharply, because it is now time for altcoins to move up after bitcoin which made a successive surprise. But with the release of ethereum 2.0 we hope that ethereum will lead to better reforms and renewable innovations will occur for ethereum. it is certain that along with bitcoin and other altcoins, ethereum will increase sharply next year.

Wow, I didn't know that another deposit that you have mentioned. Demand will surely increase if there will be more deposits that are going to be held for validators/nodes.
The top validators for Ethereum today might not be that much but if the progress keeps showing positive before and after the launching. I guess there will be more big investors that will be interested in depositing more and sees an opportunity on it.

yes, this is and general growth of market capitalization

Actually, this is very good news, since I was expecting a different result and a very long time to complete the deposit contract, but as it turned out, the account was already full and even the last 25% of the required Ethereum was collected in 4 hours. This is incredible. This now explains why the price climbed 10% on Monday to reach over $ 600.

I thought so too. The deposit contract wasn't expected to be filled early as we have seen. And we will see pumps due to it. The pre-launching of Eth 2.0 has already shown a positive impact on its price.
The post-launching looks interesting and has the potential to break the next level of its price increase. I just wish that everyone is holding intact their Ethereum holdings.

The price of the Ethereum currently resisted at $622 which means that there is a resistance there, the price reacts wherein it will now create a higher low or it considered as swing low. For the swing traders out there make a bid in the new support of the Ethereum at $500, there is a high possibility that the price of the Ethereum will have rejection in that area so consider that area as bounce area where there will be reaction once the ETH manages to go in that area. The current movement of the ETH is actually good but it needs consolidation so expect that the price will move sideways for days or even weeks before it finally breaks the resistance at $622.

If you can't afford to miss this and really believe that it will happen then better sell all your coins and bet in single currency in which ethereum right?

I have enough ETH and have no plan to add,what i am looking  is ripple in which having a correction now.maybe this one is another coins to expect this bull.
How can we call cheap if the price when the release of version 2.0  in December 1 makes it bull?we have no chance of buying cheap again.

yes, its very possible for eth to reach even break its ATH
but, for sure not in this year my friend, and because of that maybe now can be the right time to collect more ethereum

if ETH could hit $ 1,600 like 2017 it looks like this would be a good record. So I think this is a good thing for ETH and it could be one of the best options to have ETH from now on

Obviously it will continue, 2021 will be the year for 2021 and I mean THE year for 2021, it is going to be so great and it is going to have so much increases that people will start selling while whales keep buying because they will think it "can't" go any higher. Which will turn out to be wrong, because it is going to be so much higher and so much more, at the end we are in a situation where ethereum can go over 2000 dollars and still would continue go up.

This is not only something that will make ethereum go up because of the news, but it is also something that will continue go up for a long time without ever dropping as well. I hope that people will realize the continuous increase of the ethereum price due to the proof of stake deal and how it will always be profitable to hold it.

First thanks for reminder though it has nothing to do with the discussion because either Ripple or XRP you use still Crypto people understand that its just Not in perfect sentence but Normal people can understand.
What i Said is based on what is the performance of Market that Specific time and has nothing to do in what i believe or stand,Mind checking my Post and not quoting the single line.. Thanks

I am posting according to what the market is telling at the certain time and not because that is what the community believe or said.

I must admit that i bought some XRP back when this was below $0.26 because i Saw in snapshot the opportunity of gaining yet I am a Bitcoin and Ethereum Holder and will still stand for that.

to ETH reach the price of $1000, it is just a matter of time and waiting for Will it be certain that bitcoin reaches its highest peak in 2021 it will happen if the price strengthens in December, bitcoin has a correction, making altcoin prices have fallen and have decreased which makes ethreum prices drop slightly waiting for ethereum will the price reach its highest peak in 2021, it is worth waiting for the price development.

When you only look at the ETH/BTC pair, something that really matters, ETH is losing value against BTC since the last couple of months. So I wouldn't say that we have seen any real effect of the successfull start of the first step for ETH 2.0 but rather BTC carrying ETH to new heights dollar-wise. With the current price of 0,0305 BTC per ETH, BTC would have to be at 48k USD to reach the old ATH of 2017.

Technically every potential cryptocurrency in the market ought to touch the price of there previous ATH anytime from now but ETH was not the king of altcoins through it high price or difference as said by Shanghai cause it maintains its position as altcoins king through the community trust and how it operated by Vitalik especially when ETH2.0 was written.

Yeah. It has nothing to do with the discussion but at least it will make some newbies about others who are unaware about the fact of the coin name.

I understand the whole conversation but took the interesting aspect of it.

Xrp maybe is doing good in the market but it shouldn't be considered as the dominant cause it a very manipulated coin and most things we posted on this forum are what most newbies used as a guide and if i don't point that out it may mislead someone that read it cause you may have the knowledge to set loss what about the people that sees your post as hints?

Exiting to see Ethereum doing so great. According to stats from WorldCoinIndex Ethereum started at $129 and now Ethereum is worth over $500. Investing in Ethereum (and BTC) was the best choice ever.

FOMO for what? this time eth was going down along with bitcoin too. That means FOMO from 2.0 is not strong enough to keep the price of ethereum above $600 level. You must see the reality of people are not taking ethereum 2.0 as a big bet. they didn't wanna bet their life on ethereum 2.0
The FOMO already ended and you must see how bitcoin was going down even deeper than before. that means if you must prepare yourself for the worst scenario that can happen anytime.
I will try to load more coins when bitcoin goes even deeper right now

If the prices of the top-rated cryptocurrencies fall again, as in 2018, then this case finally befits the trust in the cryptocurrency. With your permission, I will not cite the facts on the basis of which the following forecasts of leading experts are based. But many predictions say that Bitcoin will still overcome the psychological mark of 20K this year, up to 21K. By the way, there is little optimism next year to see above 25K. But regarding the market squatting, the figures are about 15K and too pisimistic forecast up to 12K.
Accordingly, Ethereum will repeat the movement of Bitcoin, like other cryptocurrencies.

Currently etherem is still in a very good path, so it has a very big opportunity to increase the price in 2020, and with the launch of ETH 2.0 it will further improve the quality and quantity of ETH going forward, if you want to invest in ETH and want to make a profit, this is the time.  right to buy it, because if you look at market conditions, prices tend to rise again,

It will continue to be awesome, we are near 600 dollar levels and that is a very vital situation. With just another 2x we are nearly at the all time high price and that is something very important not just for ETH but for all altcoins as well.

The problem is, bitcoin dropped from $20k but never really dropped that much, even on the worst moments it managed to reach to $10k many many times which is 50% drop from the all time high, but altcoins dropped a ton more. Ethereum would have to be 750 dollars just to be at 50% down and that is equal to bitcoin being $10k, right now bitcoin broke the latest ATH already but altcoins are nowhere near those levels. Hence I think going near the all time high levels would mean a lot of things for many altcoins as we ll.

Now we are looking for another update about what had happen to Ethereum 2.0 release as the first Block is in the move now,does any Good result or speculation to what are we looking to the next days and weeks because the year is near to end.

Some Positive to wait,or decide now to release,I had a good gain last week from Ripple as the XRP hit $0.75 i did out at $0.73 good enough for few months of waiting.

But ETH has been in my best look out,since last year had been holding my Ethereum ,also ready to sell out and Put everything in Bitcoin hopefully
at least 800$ would be very please for me.

FOMO of 2.0 would be good enough to move all crypto higher, and that is what happened mostly as well in the recent news period. You do not see crypto move all individually, it could be probably something that happens in amount and % changes but not in the direction sense neither.

Just to give an example, we do not really see ethereum going up 20%+ and XRP going down 20%+ at the same time right? That barely ever happens, but we do see ETH going up 20%+ and XRP going up 50%+ at the same time right? That kind of differences may happen but that is about it. It means if ETH fomo goes on about this eth 2.0 deal, that means other coins will get a hold of that too and they will start to go up as well. I don't know why but they react to those things all together most of the time.

$ 800 it can happen but everyone's estimation can go all the way up to $ 1k for me this is a good way and also seeing bitcoin go up this will definitely affect eth prices for some time to come

sure $ 1000 more in 2021 can be achieved, remember Bitcoin price has reached a new all time high,
and altcoins are still grounded, currently bitcoin may still be looking for a higher price target, so just wait to enter Ethereum.

Very possible. Since there are upcoming updates that may bring more investors to this project. Currently the momentum still showing that bull is not yet over and it will keep bringing more investors inside the market, Bitcoin already surpassed the last time high and it's bringing more good impact to entire alts community.

After bitcoin, known alts are next to rise high, already close to $800, 2021 may have more to
offer , keep your guard up and don't be moved by fud's continue doing your research to avoid
making any big mistake.

Even with the high Bitcoin dominance, Ethereum has really tried its best to cross $700 although it's ATH is still far. But however, if the market continues this way this year, and Bitcoin dominance drops a little then we can see a high rise in its price. Also, Ethereum and some other coins are proofs that, even with Bitcoin growth, they can still grow although it won't be much as expected but at least something positive can be seen. Lastly, I still think another good scenario which will contribute a lot to the price of Ethereum as well as seeing it possibly hitting its ATH is the forthcoming Ethereum 2.0.

ethereum is late, usually sticking together and following the beat of bitcoin, but last year it couldn't. At the end of the year, ethereum should also be able to perform optimally with bitcoin. but can't prove it, there's no other way that ethereum should do it this year even by forming its newest ATH. hopefully this will also be followed by all altcoins especially for the top ranking altcoins.

When forecasting the immediate prospects for Ethereum, among other indicators, I also take into account this very factor, that ETH is slightly behind Bitcoin in terms of price growth dynamics. This gives me confidence that Ethereum will close this gap very quickly in 2021. After all, there is an assumption that Ethereum will double its all-time high at the end of next year.

The predictions about Ethereum to close the gap in terms of a surge in price and follow the Bitcoin market is something clear but you are making mistake by assuming the price of ETH to make twice as much surge in price next year where a market correction may happen.

I am certain that Ethereum will have a once in a lifetime opportunity to increment and make another new ATH soon. With bitcoin cost is down now, altcoin can increment, and numerous altcoins can move high and increment to the exorbitant cost. That is awful news that will defer further 2.0. Yet, different locales state this implies 2.0 is coming sooner than anticipated so that is driving the meeting.