Forex and Crypto News

Ethereum reaches its highest level since May 2018

14:44 28 December /2020

Today, Ethereum's price peaked in 2018, rising to $740 at Coinbase. At the time of publication, the price has slightly decreased and now Ethereum is trading around $730. During 24 hours ETH capitalization has grown by almost 9% to $81.172 billion.

Ethereum has significantly strengthened its market position thanks to the rise in the price of Bitcoin, on which ETH is still very dependent. If the rise of the cryptocurrency continues, then the next resistance level is expected at around $720.

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According to the Glassnode platform, about 90% of Ethereum addresses (47 million) are profitable now, the highest since January 2018. The researchers also noted that, for example, in March of this year, only 3,2% of addresses were profitable on the network.

The IntoTheBlock team also drew attention to the positive trend. According to her, the number of Ethereum wallets with a non-zero balance has already grown to a two-year high (over 50 million). In the long term, the altcoin is set to renew highs.

In the expert community, many believe that 2021 will be a breakthrough year for Ethereum. The key event will be the launch of ETH futures on the Chicago Exchange (CME) in February next year.

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ICO projects sold 400,000 ETH during November

During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.

According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov

12:01 17 December /2018