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Ethereum Tops $1,400 Almost Breaking Beyond 2018 All-Time High

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Tue, 01/19/2021 - 11:49
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Yuri Molchan
The second biggest cryptocurrency, ETH, has reached the $1,400 level, which lacks just $32 to overcome the all-time high achieved in January 2018
Ethereum Tops $1,400 Almost Breaking Beyond 2018 All-Time High
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Ethereum has blasted to the $1,400 level after spending more than two weeks in a range above $1,000.

The second largest cryptocurrency, brainchild of Vitalik Buterin, has almost left its 2018 all-time high of $1,432.88 behind and is now changing hands at $1,411.

ETH
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Related
Ethereum (ETH) Undervalued In 2021: Pantera Capital Co-CIO Explains Why

In December of last year, the zero phase of Ethereum 2.0's long-expected update was launched after the ETH 2.0 deposit contract received more than the targeted amount of 524,288 ETH.

By now, the amount of ETH locked in the contract totals a whopping 2,500,000 Ethers, and the development of the ETH 2.0 Ethereum iteration is in full swing.

Besides, the largest institutional exchange working with crypto derivatives, CME Group (which was the first to launch BTC futures in December 2017) has announced the upcoming release of ETH-based futures for financial institutions on February 8.

ETH
Image via CoinMarketCap
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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.