Ethereum hits $400

  • 14 Aug, 2020
    | SforNews

Tonight, for the first time in two years, Ethereum broke the psychological barrier in $400 and continues to grow.

For a now the token is entrenched at $ 425.18, adding 11.29% per day.

ETH has been in its “gold zone” for quite a long time, where the greatest polarization has historically unfolded (between the $ 200 and $ 300 levels) and broke through $ 300 at the end of last month.

Experts have consistently predicted further growth in the price of the second cryptocurrency, noting that Ethereum is moving largely in tandem with Bitcoin. The annual ETH-BTS correlation rose to 89%, the highest ever recorded.

Ethereum mining profitability peaked in two years this month.

Many expect that the increased demand for ETH will drive further price growth.

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