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Ethereum’s Rise Above $500 Coincided With a Spike in ETH 2.0 Deposits

From en.ethereumworldnews.com

Ethereum (ETH) is once again above $500 in a feat that has been two years in the making. The last time Ethereum traded above $500 was in June 2018. Ethereum’s push above this crucial level is tied to the progress of the ETH2.0 upgrade that is scheduled to launch Phase 0 on December 1st. For the upgrade to kick-off on the scheduled date, 524, 288 ETH needs to be sent to the staking contract seven days before the aforementioned date. This means that the process needs to be complete by Monday, 23rd November. Yesterday, the process was 20% complete with a total of 106,976 ETH of the required 524,288 ETH sent to the ... (full story)

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  • Category: Fundamental Analysis