ETH’s $500 push and the looming Eth2 deadline (Santiment Weekly Pro report)
It’s been a week of milestones for the second largest cryptocurrency, as Ethereum finally managed to close above its previous price top ($486 recorded on September 2nd) and crossed the $500 mark for the first time in over two years.
And while a +10.2% week would be impressive under any circumstances, ETH’s $500 breach also comes at a momentous time for the Ethereum network.
With only 3 days left until the soft deadline for Eth2’s Phase 0 (explained below), now feels like a great time to dive deep into ETH's latest fundamentals and evaluate the possible paths forward for the coin.
No panic sell-offs amid $500 breach (yet)
The price of ETH surged by +7.3% over the last 24 hours, rushing past the $500 barrier for the first time since July 18, 2018. And while the push above $400s may
There’s more of this Insight
Choose your subscription plan
Years of market experience, compressed in each report
Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.
Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.
Our previous TOP calls:
What you get with Sanbase Pro:
- Members-only daily market insights and analysis
- 30+ on-chain, social & project indicators for 900 cryptocurrencies
- Custom alerts for the coins' price, on-chain & social trends
- Santiment Spreadsheet plugin with 10+ pre-made market templates
- Personalized asset watchlists and weekly performance reports
Gain unfair advantage with Sanbase Pro
Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!