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All Eyes on Ethereum (ETH) As It Hits $590

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Mon, 23/11/2020 - 10:09
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All Eyes on Ethereum (ETH) As It Hits $590
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Ethereum has just soared to a new major high of $590 for the first time in two years, adding almost $100 to the exchange rate in three days and showing three massive green candles.

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Image via CoinMarketCap

Earlier today, it was reported that Ethereum had reached a major milestone regarding the expected launch of the ETH 2.0 upgrade.

The amount of ETH deposited by validators now totals 50 percent of the amount necessary to launch the update on Dec. 1 as was announced by Ethereum developers previously.

The overall amount of ETH locked in the contract is now 292,480, or more than $170 mln at press time. Back on Saturday, it was only 30 percent.

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The minimum amount of ETH to be deposited by a validator is 32 ETH.

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Meanwhile, the inflow of new ETH holders is rising. As per Glassnode, the amount of wallets holding 100+ ETH has surged to a new ATH, along with the number of wallets with 32+ ETH.

At press time, ETH is trading at $591, as per CoinMarketCap.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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