Ethereum rises above $ 600 for the first time since May 2018!!

During the day, the cryptocurrency has risen in price by 12%, since January – by 350%. The project has collected more than 65% of the amount of coins required to launch the zero phase of Ethereum 2.0 from December 1. Ethereum for the first time since May 2018 rose above $ 600. The market price of the coin reached $ 605, adding 12% per day. Since January, cryptocurrency has risen in price by 350%.

At the same time, the number of coins sent by investors to the Ethereum 2.0 deposit contract exceeded 350 thousand. This is more than 65% of the amount required to launch the zero phase of the second version of the altcoin network from December 1. When it launches, users who have transferred their Ethereum to this contract will be able to increase the number of coins by staking. The initial annual rate will be around 21%.


One of the investors who wanted to make money on Ethereum staking was the investment company IBC Group, based in Dubai. Its chairman, Khurram Shroff, said that the company invested $ 10 million in altcoin, having bought 20 thousand ETH, and sent them to a deposit contract, where it plans to hold at least until the coin is fully switched to the second version of the network.

Earlier, Cointelegraph analyst Rakesh Upadhyay predicted the rise of Ethereum to $ 625. He noted that holders of the coin should worry if its price fails to gain a foothold above the support level of $ 561. In this case, the asset rate may drop to $ 488.