Ethereum has crossed the $500 mark and could reach $700

[BrolySSJ 7899]

One of the major driving factors of the price of any crypto is the push that a crypto sees when there is panic buying because of fear in that coin. This is often referred to as FOMO, which stands for Fear of missing out, and this is precisely what is predicted to happen with Ethereum. 

 

With the introduction of Ethereum 2.0, Ethereum has finally passed the $500 mark and this is the first time that the currency is seeing such high prices in the last three years. However, this may just be the beginning in the price increases. According to an article that was published today, a technical analysis of the coin shows that the next marker for the value of the coin is likely to be around $700. If you consider the coin in its entirely, you will see that over the course of this year the value has risen by around 455%.

 

And with the introduction of Ethereum 2.0, the bull market and the crypto FOMO can cause the demand to increase even further resulting in price surges that could reach the $700 mark. What do you guys think? Do you believe that the market will continue to rise, in which case it would be a great time to invest in ETH or do you perhaps think that the crypto market overall is reaching a peak and ETH along with the other crypto may soon fall, giving us an opportune moment to buy the coins?

 

This is the link for the article if you would like to see more on this:

https://www.investingcube.com/ethereum-price-just-crossed-500-fomo-could-push-it-to-700/

[hani20980 2706]

Im sure that it's just a matter of time before ETH price increase to very high levels so now the

price still good to invest and sell later at X2 or even X3 profit maybe even the price will exceed

the levels acheived in 2017 when ETH reach 0.12 BTC

[Nezar 7169]

The Bitcoin currency is witnessing a very large and noticeable rise in the recent period, and I expect that we will see the same price that the currency reached during 2018, as the Ethereum palm at that time achieved a price of $ 1,300, and this price is very high and I hope to see this price at the end of this year

[marchal87 2343]

This is true, the prices of digital currencies are rising in a fast way. I think that this increase is a good thing. The price of Ethereum may reach great levels regardless of the price of Bitcoin, and this is what will happen according to some analysts.

[Abuzar hashmi 544]

As its demand and price increase, so will its value in the world market. By the way, it is a digital currency but it does not take long for its price to rise and fall. Today it is going up. Yes, and at any time its price may go down.And last i wana say that it will definitely touch the 700$ mark in this year.

[Maaz sultan 265]

As we see that the price of bitcoin goes to higher and higher every minute and bitcoin is like an engine of train if its value coming back hen all the altcoins coming down and if it continues to climb higher the other altcoins also goes highest price ever and Yes Eth have potential to breaks the 700 usd record .

[Syedbesharat 5423]

ETH is still relay at BTC price where BTC is now running toward $20K. And ETH is still struggling at $600 breakthrough  which shows ETH haven't become strong although it's 2nd after BTC but the price decline after massive increase in transaction fee.ETH will take long time to goes ATH price this time which was $1200 and in Bull run phase the price may be goes to  $1800-2000 .

[wassim19 645]

The digital currency market has improved and has finally recovered after the continuous market, and after the rise of Bitcoin, we now find the role of the currencies that rose, the most important of which is the Ethereum currency, whose price exceeded $ 500 and can continue to rise and reach good numbers

[Crypto Master 541]

1 hour ago, Maaz sultan said:

As we see that the price of bitcoin goes to higher and higher every minute and bitcoin is like an engine of train if its value coming back hen all the altcoins coming down and if it continues to climb higher the other altcoins also goes highest price ever and Yes Eth have potential to breaks the 700 usd record .

Yes you are right the btc is rising every day and with bitcoin other currencies also pumping up it may be possible that eth cross 700$ or it comes back from 600$ no one knows .

[ETheHedgehog 3104]

with the very strong BTC movement over the last month, i don't see any reason why ETH wouldn't be on the way to follow BTC as well, it is nearly $600 today and i think it could surely reach $700 by the end of the year, it's still far from the all time high of around $1400 but reaching $700 in the end of 2020 could be a sign it could break that record in 2021

[Emma William 2399]

We are now at a major turning point for most cryptocurrencies! In the last 10 days we all noticed that the currency rates increased dramatically! Ethereum increased from 235 to 500 within days! This is a great achievement for this coin project! Litecoin has also made a quantum leap in its price! It was $ 60 and now it's $ 80!

I think that the whole thing is tied to the price of Bitcoin. If it exceeds $ 20,000, we will witness a development in cryptocurrency prices again!

[MuhammadSh 3067]

From the beginning of eth project , many experts believe in its future and these days eth has proved for us that it really deserve our trust.. hitting high prices isn't important as it sounds but the most important thing is that the number of people who believe in any cryptocurrency is increasing by time and that's the most strongest point for eth project in my opinion.. especially because of that there are many people believed in eth project and it special technology since it was first appeared!

Edited November 21, 2020 by MuhammadSh

[Mosab73 333]

In my opinion, the market is heading to an uptick. We have noticed in the past few days the price of Bitcoin rising to an unprecedented level, and I think that this affected the price of Ethereum, which is directly related to Bitcoin, so I am certain that the next mark is $ ‭700‬.

[Calvinpriva 17296]

Of course, there are many traders who are selling in FOMO because they fear the price to drop. Many people thought Ethereum price will never cross $400 this year but now is $500, and that is why they sell quickly. They don't know that they give a good profit to pro traders who chase profits from panic sellers, perhaps this will push the price to $700 just as you said.

[Cleaner 2549]

On 11/22/2020 at 3:00 AM, MuhammadSh said:

From the beginning of eth project , many experts believe in its future and these days eth has proved for us that it really deserve our trust.. hitting high prices isn't important as it sounds but the most important thing is that the number of people who believe in any cryptocurrency is increasing by time and that's the most strongest point for eth project in my opinion.. especially because of that there are many people believed in eth project and it special technology since it was first appeared!

@MuhammadSh..If we look at the cryptocurrency market, we can see that the prices of all currencies are rising day by day.  However, BTC, ETH and LTC have now made a bull run.  But I think they can break many new records this year.  However, the number of ETH users is increasing day by day.  Its traders and investors are increasing.  We know that its price depends on supply and demand.  The demand for these coins is increasing day by day.

[SuperCrypto 7193]

Ethereum 2.0 will benefit from the Proof Of Stake protocol and this makes it a good development, since instead of all miners who use hash power to solve a block, permissions will only be granted to the selected blocks, and in this way we notice that there will be no waste in Hash strength and transaction validation will still happen in mining.

[tienda 8776]

5 hours ago, CZ Binance said:

Ethereum is a popular cryptocurrency like Bitcoin. I noticed for the first time that Ethereum passed the $500 mark and that is the first currency to peer such a high price inside the closing 3 years. However, it is able to be the begin of price upward thrust.

Yes @CZ Binance Ethereum is the second after Bitcoin, so it is the most popular alternative coin. And its evolution really it is interesting and with a bright future. I think still will go up more than 700 USD without the doubt, but of course all depend on about the Bitcoin price if will stay reaching high value price.

[bogdanoff 3173]

It is right prediction, Ethereum moved to 590 now and still looks to rise. I didn't invest in Ethereum this time but it drives the altcoins into another altcoin season and this can put a stop to Bitcoin again as I see it. I don't like when altcoins grow so high and prices become very expensive as the main interest of investors is Bitcoin and the altcoin interest looks made up and not realistic.

[percare 3192]

Ethereum has been doing great and the $700 for ETH looks very possible as prices keep rising. It is closer to $600 now and maybe with a big increase it can reach at $700 very easy. It is one of my targets for ethereum and I will have to see how it will move then to keep the hold or sell for Bitcoin.

[Froshk 1828]

Good news for The smart contract based network, we have been hoping to see the surging of these wonderful coin to even exceed $700 before the end of the year or perhaps maybe Early 2021

[Sykkuno 2887]

Ethereum is already very high and it is too much speculation. I don't like risk so I'm not investing any money in Ethereum at this price. Bitcoin on the other hand has institutional interest and can be a great year ahead. I can't give financial advice not to buy Ethereum as it is very bullish but I don't trade it.

[magd 5231]

All indicators prove that Ethereum is on its way to a price that has not been recorded before, which is the result of a rapid and large increase in the price of Bitcoin. We also note that the price rise index for Ethereum is greater than Bitcoin, as it rose about an hour ago by 7% unlike Bitcoin, which decreased slightly

[Onden 2098]

Yes, it looks like the ETH price will continue to go up, maybe it will go past $ 1,000 and I believe. After 3 years, this is the highest Ethereum price increase. Ethereum 2.0 is expected to create a bullish market, Ethereum 2.0 has crossed the $ 500 mark, proving that ETH can still go up high. This is good news for ETH holders and provides a further boost from now on. Investor confidence has also continued to increase with Ethereum 2.0.

[Barbarellah 2225]

Excellent article! In particular I think that the price of Ethereum will continue to rise, firstly due to the drag caused by the increase in the value of Bitcoin and secondly due to the launch of the new version called Ethereum 2.0 or Serenity. Despite the fact that in its trial period just a few days ago this new project presented a series of failures, it has not been a reason for significant variation in terms of the increase, but after these failures are corrected, I am sure that prices will rise considerably. Of course, it is a good time to start acquiring Ethereum.

[Frodler 943]

Ethereum just got to $600 that's like a $100 less than our expectations for these week, but the week just began, we might see a even more interesting increase perhaps maybe $800, anything is possible in the world of cryptocurrencies!!!!