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Ethereum (ETH) breaks two-year high


Ethereum (ETH) it has had a very busy 24 hours, managing to break the key level of $ 400, to possibly head to $ 450. However, not everything is perfect, since its rates also break records.

ETH catches the attention of the crypto market

The day started out great for Ethereum but, over time, it got even better. In fact, today ETH was valued at $ 442, a level that the cryptocurrency had not reached since the end of July 2018.

Ethereum meets today 25 days with an upward trend. However, the cryptocurrency had not managed to overcome the barrier of $ 400, until today. Right now, ETH is valued at roughly $ 439, according to CryptoTrend’s Crypto Online tool.

Ethereum (ETH) price weekly chart. Source: CoinMarketCap
Ethereum (ETH) price weekly chart. Source: CoinMarketCap

And at the moment, it doesn’t seem to be facing any resistance, so it could hit $ 450 at any time. However, not everything can be perfect.

A report from Glassnode showed that gas spending on Ethereum has reached new highs in its history, and those leading that spending are Tether and Uniswap.

The news is very important, given that the investigation found that almost $ 7 million in gas has been paid in just yesterday. In this sense, rates have shot up almost 100% in the last day, as a result of congestion.

Bitcoin and Tesla lead popularity on TradingView

According to data published yesterday by TradingView, Bitcoin and Tesla are the most viewed assets on the platform in the United States.

As we all know, this year has been quite an interesting one, both for the automaker and for the cryptocurrency. For its part, Tesla went from having a valuation of its shares at $ 402 on January 1 to $ 1,650 today.

However, the most popular crypto is not far behind, going from $ 7,400 to $ 11,600 in the same time.

In this way, the TradingView platform found how its users have been interested in these two assets. It also found “That the southeastern United States favors Forex and the west coast states of California, Washington and Oregon lean towards Bitcoin. The west coast is the one that loves crypto the most ”.

Ethereum Futures Open Interest Reaches New Level

According to the data of Skew, the total value of Ethereum futures in circulation hit a new high of $ 1.5 billion.

Obviously, the above event is supported by the recent upward trend that the cryptocurrency has experienced.

As we have noted above, the Open Interest reflects the current total value of Ethereum futures that have not yet settled. In this sense, experts seem to conclude that everything seems to indicate a strong market in the middle of an uptrend.

However, the condition of the network and congestion still raises concerns in the crypto community.

In a few lines …

  • The Federal Reserve Bank of Boston announced its partnership with MIT to better research and understand the concept of digital currencies.
  • According to the report published by the UK’s National Cyber ​​Security Center, they removed more than 300,000 URLs related to scams where more than half were related to crypto.
  • According to CoinTelegraph, StormX announced that its customers could now receive rewards in effect for using crypto when shopping at Walmart.

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