Ethereum Just Surpassed $500 For First Time Since 2018—Key Reasons Why
www.newsbtc.com
Source: ETHUSD on TradingView.com
DeFi Recovery and ETH 2.0 Fuel Ethereum Rally
In the past week, major DeFi tokens in the likes of Yearn.finance (YFI) and Aave posted large gains against both ETH and the U.S. dollar. Atop the rebound of DeFi tokens, the impending ETH 2.0 mainnet release has investors optimistic around Ethereum.
Especially as Ethereum heads towards the deadline of the eth2 deposit contract by the month’s end, the supply of ETH on exchanges would likely drop. Investors are Uncertain Whether to Choose Bitcoin, Ethereum, or DeFi
Based on the recent trend of the market, investors are seemingly bracing for a prolonged bull market heading into the year’s end.
Read in Full: www.newsbtc.com
