Ethereum price eyes $600 level

The second-largest cryptocurrency by market capitalization, Ethereum, continued to push its year-to-date highs, reaching $580 by Monday morning, November 23.

Ethereum’s rally extends for a fourth day in a row.

Hourly ETH/USD chart for Bittrex on TradingView.

At the time of writing, Ethereum is trading around $584 (+7.1% over the last 24 hours). The asset’s market capitalization is $65.8 billion, with a 12% dominance (according to CoinGecko).

ETH price reached an all-time high of $1,413.77 in January 2018. After that, the asset fell to $81.15, then rose by 610%.

In terms of price gains over the last 24 hours, Ethereum ranks second among the largest-cap coins.

Source: CoinGecko.

Over the weekend, deposits into the Ethereum 2.0 ecosystem surged — the total amount увеличился to 293,184 ETH or 55.92% of the required 524,288 ETH.

Over the past three days, two transactions above the previous record of 17,088 ETH have been sent to the deposit contract. Earlier, Ethereum co-founder Vitalik Buterin also contributed, who transferred 3,200 coins.

Eight days remain until the planned December 1 mainnet launch, provided the target is reached.

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