Ether (ETH) opened on November 20, 2020 at the level of 470 USD. The period from 20 to 27 November 2020 was bullish for ETH despite highlights – even higher – and stockings pulled by big red candles every day.
Contract of 523,288 ETH to be completed, 600 USD to be crossed
On November 21, 2020, theEther hitting $ 515, the highest in 2 years as whales move over 1 millionETH worth $ 535 million between unknown wallets.
The deposit contract was then supplied to approximately 30% of Ethers required for the launch of the‘Ethereum 2.0 December 1, 2020.
2 days later, on November 23, 2020, priceEther it jumped to $ 590, another 2-year high. The deposit contract then covers 50% of the Ethers required to allow the launch of step 0 of theETH 2.0.
On November 24, 2020, priceEther explodes again and hits $ 619. Deposit contractEthereum 2.0 contains plentyEthers locked up for the launch of a beacon chain in early December 2020.
The bullish rally from Bitcoin (BTC) and DeFi’s increase enabled priceEther exceeds the $ 600 line. TheEther is trading at 502 USD today November 27, 2020, as of this writing.
Back on track
L.‘Ether he is expected to record his 4th consecutive red daily candlestick today. The bulls are struggling to recover its price after being rejected to the $ 619 level.
L ‘Ether a large red daily candlestick was recorded on Thanksgiving Day as a price Bitcoin it collapsed and hit $ 16,600. He had already recorded big losses on November 25, 2020, the day before Thanksgiving.
Despite the planned launch of the beacon chain for December 1, 2020, the bulls are unable to regain control of the market. They still manage to defend the 500 USD line for the moment.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
Will Bitcoin Thanksgiving price crash “altogether breathe life” into altcoins, with BTC having a habit of shadowing them when BTC bulls start running? Ether is unable to return to the upside after strong sales pressure that led to its price rebounding at the $ 619. level. soon. Provided the 500 USD holds until then?
Litecoin, welcome in the Silver Age