Buy Bitcoin here
  • Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Cointelegraph news
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
  • Newsletter subscribe

  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media

    Facebook Twitter Telegram Youtube
    • Newsletter
  • Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Cointelegraph news
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
Starter Kit Membership Search
English
English Deutsch
Menu
Search


Ethereum TradingView

Ethereum Price Breaks $600 As Eth2 Deposit Contract is Almost Full

Posted On November 23, 2020 Lorenzo Stroe 0

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

Ethereum has broken $600 for the first time in two years peaking at $607 on Coinbase. The digital asset has been in a colossal rally for the past week, finally catching up to Bitcoin which was dominating the market in the past month.

The Eth2 update is set to launch on December 1, however, it will only happen if the deposit contract receives 524,288 ETH in total. Initially, it started slowly with only 108,000 ETH deposited on November 20 since November 4.

However, in the past three days, more than 250,000 ETH more has been deposited inside the contract. In fact, according to the Eth 2.0 deposit contract bot on Twitter, in the past 7 hours alone, close to 100,000 ETH were deposited. The minimum genesis target on Tuesday 11/24, at 12:00 UTC, is close.

Once the deposit threshold is met, the beacon chain will go live. The Eth2 transition process will then move to the next stage.

Ethereum Price Aiming for $1,000

Ethereum was trading inside an ascending parallel channel formed on the 4-hour chart. The digital asset had a breakout on November 20, jumping above $500 and seeing a lot of continuation on the next three days, reaching $600.

eth price

ETH/USD weekly chart – TradingView

Zooming out to the weekly chart, we can observe very little resistance to the upside as it seems the next most significant resistance point is located at $829 followed by the psychological level at $1,000. The RSI is overextended but not likely to pose a threat for the bulls just yet.

The Fibonacci Retracement indicator shows a strong resistance level at $591 which was broken hours ago. However, it seems that ETH is re-testing the level now. The next significant Fib level is the 0.618 at $907 followed by the all-time high at $1,419.

eth price

ETH/USD weekly chart – TradingView

If Ethereum can decisively close above $591 today and this week, bulls would aim for $907 next and eventually the psychological level at $1,000.

eth price

The In/Out of the Money Around Price chart shows very little opposition to the upside well until $700. However, it also shows little support on the way down until the significant support area between $503 and $522 where 329,390 addresses purchased close to 6.6 million ETH.

 

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

It is super easy to buy Ethereum. Just take a look at our exchange comparison!

 

 

Follow us on Social Media and subscribe to our free crypto newsletter!

@Telegram
@Instagram
@Twitter 
@TikTok
@Facebook

Diskutiere mit uns!

About Trading @CT Trader
About Crypto in general @CT Inside

This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)

Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future. 

#Ethereum#technical analysis



You might also like

Bitcoin Crypto Ethereum TradingView XRP

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC aims for $53,000 if this level breaks
January 18, 2021
Bitcoin News Crypto Crypto entrepreneurs Education

EXCUSES? TOP 3 reasons used by people who DON’T BUY Cryptocurrencies
January 17, 2021
Bitcoin News Crypto TradingView

TA that predicted Bitcoin Price to consolidate is showing signs of STRENGTH ahead, BUT…
January 16, 2021

More from Ethereum

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: ETH hits new all-time high and aims for $2,000
Posted On January 19, 2021 Robert Weiss 0

Ethereum has hit a new all-time high on some exchanges like Coinbase but not others like Binance where it fell …

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: ETH outperforming BTC could signal start of alt season
Posted On January 17, 2021 Lorenzo Stroe 0

Ethereum price has been outperforming Bitcoin again while the flagship cryptocurrency has seen a pullback, ETH managed to stay above …

Top 5 Performing Cryptocurrencies of the Week -(Week 25)
Posted On January 17, 2021 Prasanna 0

At the time of writing this, the Bitcoin price is sitting at $34663.26. Here are the top 5 performing cryptocurrencies …

In order to support and motivate the CryptoTicker team, especially in times of Corona, to continue to deliver good content, we would like to ask you to donate a small amount. Independent journalism can only survive if we stick together as a society. Thank you


  • Top Broker

    Bybit
    bybit
    Review · Visit
    Plus500
    Plus500
    Review · Visit

    Top Exchanges

    Kraken
    Kraken
    Review
    Coinbase
    Coinbase
    Review · Visit
  • Newsletter subscription




  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media












    Newsletter


  • Imprint
  • Privacy Policy
  • Non-liability Disclaimer
©2021 CryptoTicker

Share

Share stories you like to your friends