Ether ($ETH) Price Breaks $500 for First Time Since June 2018 | Cryptoglobe

www.cryptoglobe.com 2020-11-20 10:40
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According to data by CryptoCompare, around 08:55 UTC on Friday (November 20), the Ether (ETH) price broke through the $500 level.

Source: CryptoCompare

As you can see from the three-year ETH-USD price chart shown below, the last the Ether price was this high was in June 2018.

Source: CryptoCompare

Currently (as of 10:35 UTC on November 20), ETH is trading around $499, up 6.04% in the past 24-hour period.

Simon Dedic, co-founder of crypto-focused research firm Blockfyre, believes that if the price of Ether stays above $488 by the end of this week, then the ETH price has a good chance to go to $800 and then to $1400:

$ETH smashed key resistance, hasn't traded as high since mid 2018.

Fingers crossed we will stay above $488 until end of the week to close above, then it's going straight to $800.

And then straight to $1400.

And then straight to another galaxy.

Then you can take profits. pic.twitter.com/HOzBKXx1Rc

— Simon Dedic (@scoinaldo) November 20, 2020

Featured Image by “elifxlite” via Pixabay.com

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.