ETH’s $500 push and the looming Eth2 deadline (Santiment Weekly Pro report)

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Nov 21, 2020

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

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$ 1527.65

13.83%in last 7d