Since July 23, 2020, the price of ethereum has soared to record highs.
The price of ethereum has reached a record level for more than a year. The price level is now higher than the coronavirus crisis. Why such a rebound?
This strong increase appears to be linked to two fundamentals:
- The announcement of the commissioning of ETH 2.0. The dates are starting to become clearer for Ethereum 2.0 even if it will be a long time before the final version is operational.
- The second reason that has perhaps gone more unnoticed is the development of decentralised finance (DEFI).
A temporary increase or a new support area? One element that will certainly be decisive is the operability of the new changes to Ethereum. It will also be necessary to see if new changes will come out regularly and if they will make a good impression on the Ethereum community.
If version 2.0 and continued decentralized finance brought good news, it would not be surprising to see the price of the Ethereum jump up in the future but caution, bad news or competing technology (unlikely for this assumption) could break this rise, or worse, create a significant bearish movement.
