Ethereum updated 2020 high

[Binaryx.Exchange]

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.


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.

[hugeblack]

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.

[cryptofirm]

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

[chip1994]

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 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.

[batang_bitcoin]

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.

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

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

[AliMan]

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.

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

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.

[mnporter2001]

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.

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

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

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

[traderethereum]

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.

[kotajikikox]

"

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.

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.

[leea-1334]

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?

[MoreStamps.Global]

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.

[Nivia1st]

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.

[batang_bitcoin]

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.

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

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.

$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

[Severine]

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

[leea-1334]

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.

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?

[dragonvslinux]

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.

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

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.

$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

Not only has the 2.0 contract been filled, but another 240K 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%, 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%  

[bttmember]

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.

[peter0425]

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 .

[Scripture]

I am really hoping Ethereum can break its all time high and reach as high as $1600.  The recent moves has been strong andit is looking like it would continue this way till the 2.0 initial phase goes live in the next few days. There is so much to expect from ethereum so I will be buying more as we get closer to December 1 which is the date phase 0 goes live.

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.

[Wawa2013]

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.