Ethereum Touches USD 500 For the First Time In More Than Two Years

Source: Adobe / stockphoto-graf

Today, for a few minutes, Ethereum (ETH), the second largest crypto asset by market capitalization, hit the $ 500 level for the first time since July 2018.

At pixel time (09:40 UTC), ETH is trading at USD 495 and is up almost 6% in one day and 6% in one week. The price increased 31% in a month and 186% in a year. ETH needs to climb another 189% to hit its all-time high of $ 1,432.

Other coins from the top 10 clubs are up 1% -14% today. Bitcoin (BTC) is trading at USD 18,170, or 11% from its all-time high. BTC is up 3.5% in a day and 11% in a week.

ETH price chart:

Ethereum touches USD 500 102 for the first time in more than two years
Ethereum touches USD 500 103 for the first time in more than two years
Source: In the Block,

As reported, the ETH rally is one of the main reasons the Ethereum camp is struggling to raise the ETH 524,288 in order to start phase 0 of ETH 2.0.

At the time of writing, according to Dune Analytics, the ETH 106,496 has already been sent to the ETH 2.0 deposit contract, which is 20% of the amount required.

In the meantime, ETH developers are considering starting phase 0 without reaching the original threshold.
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