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

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Tue, 19/01/2021 - 11:49
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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.

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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.

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Image via CoinMarketCap

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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.

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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.

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Image via 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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