On Monday, November 23, the second-largest cryptocurrency by market cap, Ethereum, breached the psychological level of $600. The last time the coin traded at these levels was in June 2018.
At its peak, ETH rose to $604.80. At the time of publication, the asset had pulled back to below $595.
Weekly ETH/USD chart from Bitfinex on TradingView.
In the last 24 hours, ETH rose 12%, and over the week — 15.4%.
The ETH price reached its all-time high of $1,413.77 in January 2018.
Earlier ForkLog reported that Ethereum, by price gains over the last 24 hours, ranks second among the largest-cap coins by market capitalization.
Over the weekend, deposits into the Ethereum 2.0 ecosystem surged — at the time of publication their total amount had increased to 345,120 ETH. increased to 345,120 ETH.
The launch condition for the Ethereum 2.0 mainnet is the participation of 16,384 validators, who by December 1 must deposit a total of 524,288 ETH.
What is Ethereum 2.0?
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