Forex Tianyan APP News: The price of Ethereum, the second-ranked cryptocurrency by market value, continued to rise on Monday. As of 18:00 Eastern Time, according to the push data, Ethereum has exceeded $600 and reported at $605.63.
In order to promote the smooth launch of Ethereum 2.0 Phase 0, the Ethereum community is continuing to deposit Ethereum into the Ethereum 2.0 deposit contract, and 60% of the required start-up has been completed. The remaining 40% of the target must be completed by 12 noon UTC this Tuesday to enable the Phase 0 network to be launched on time on December 1.
The pledge contract requires a total of 524,288 ETH and has attracted 314,656 ETH deposits so far. Once the deposit threshold is reached, the main chain beacon chain of Ethereum 2.0 will begin to operate. Once the beacon chain is activated, Ethereum 2.0 will enter the next stage of development.
Ethereum 2.0 is the most important event in the crypto industry this year except for the Bitcoin block reward halving. The crypto community has high hopes for it and believes that this is the most important event since the inception of the Ethereum blockchain. Hope This can increase the scalability of the existing Ethereum network.
Under the influence of this good news, the price of Ethereum has also risen steadily in the middle of the last month, which not only made up for the price loss after the cooling of the DeFi boom, but also broke through US$500 and US$550, continuing to refresh the high price point during the year. recording.
Index indicators and the fundamentals of the Ethereum network are also optimistic that the price of Ethereum will continue to rise. Technical indicators show that after hitting a two-and-a-half-year high, Ethereum has no resistance before $620. Once it breaks through, this may become the next support level for Ethereum. According to Etherscan's online data, the daily gas usage for settlement of transaction fees on Ethereum is also at the highest level in history.
In addition, the upward trend of the entire
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