20 Nov 2020 · 1 min read

Ethereum Touches USD 500 For the First Time In More Than Two Years

Today, for a few minutes, Ethereum (ETH), the second-largest cryptoasset by market capitalization, touched the USD 500 level for the first time since July 2018.

Source: Adobe/stockphoto-graf

At pixel time (09:40 UTC), ETH trades at USD 495 and is up by almost 6% in a day and 6% in a week. The price rallied by 31% in a month and 186% in a year. ETH needs to go up by another 189% to hit its all-time high of USD 1,432.

Other coins from the top 10 club are up by 1%-14% today. Bitcoin (BTC) trades at USD 18,170 or 11% from its all-time high. BTC is up by 3.5% in a day and 11% in a week.

ETH price chart:

Source: coinpaprika.com
Source: Into The Block, coinpaprika.com

As reported, the ETH rally is among the main reasons why the Ethereum camp is struggling to raise ETH 524,288 in order to order to launch Phase 0 of ETH 2.0.

At the time of writing, according to the data provided by Dune Analytics, ETH 106,496 has been already sent to the ETH 2.0 deposit contract, or 20% of the needed amount.

Meanwhile, ETH developers are considering launching Phase 0 even without reaching the initial threshold.
____

Reactions:

__
Learn more:
80%-Empty Ethereum 2.0 Deposit Contract Gets A 4% Boost From Dubai Investor
Ethereum Foundation Sold ETH To Novogratz At Premium In 2015