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Thursday

26 November 2020

Ethereum Just Surpassed $500 For First Time Since 2018—Key Reasons Why

Ethereum Just Surpassed $500 For First Time Since 2018—Key Reasons Why


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Following a capitulation-esqe drop, the recovery of DeFi tokens likely boosted the market sentiment around Ethereum and the altcoin market, in general.

Atop the rebound of DeFi tokens, the impending ETH 2.0 mainnet release has investors optimistic around Ethereum.

Especially as Ethereum heads towards the deadline of the eth2 deposit contract by the month’s end, the supply of ETH on exchanges would likely drop.

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