Will ETH Break Through the $ 600 Resistance Today?
Will ETH break through the $ 600 resistance today?
The price of Ether (ETH) on Monday, November 23rd, rose to $ 584. The largest altcoin in the next 24 hours could reach $ 600, analysts predict.
Over the past day, the capitalization of ETH has increased by about 9% to $ 65.913 billion. A confident increase in ether was outlined at the very beginning of November.
On November 3, the ETH rate held around $ 375. Over the past two weeks, the positive trend has dominated, allowing the largest altcoin to soar by more than $ 200.
The Santiment team tweeted that Ether was last above $ 550 in early June 2018. Overcoming this mark on the BitXmi crypto exchange took place the night before.
The researchers drew attention to the high activity of users of the Ethereum network. Currently, about 480,000 addresses make transactions every day. In parallel, there is an increase in the number of new ETH holders.
Capital inflows on ether are observed ahead of the network upgrade (ETH 2.0). It is scheduled for early December. Resistance will increase as the altcoin approaches $ 600, observers say.
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