{"id":32091,"date":"2020-11-20T12:42:45","date_gmt":"2020-11-20T10:42:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32091"},"modified":"2025-08-28T06:58:36","modified_gmt":"2025-08-28T03:58:36","slug":"ethereum-price-tests-the-500-level","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-price-tests-the-500-level\/","title":{"rendered":"Ethereum price tests the $500 level."},"content":{"rendered":"

The second-largest cryptocurrency by market capitalisation hit a yearly high, testing the $500 level.<\/p>\n

The chart below shows a volume-supported rally in price. After hitting the $500 level, the latest move pulled back somewhat.<\/p>\n

\\\"Ethereum<\/p>\n

15-minute chart of ETH\/USD on the Bitstamp exchange from TradingView.<\/p>\n<\/div>\n

As of writing, Ethereum is trading around $497 (+5.4%<\/a> in the last 24 hours). The asset’s market capitalisation is $56.4 billion, with a dominance index of 10.8% (data from CoinGecko<\/a>).<\/p>\n

ETH price reached its all-time high at $1,413.77 in January 2018. Since then the asset fell to $81.15, and then rose by 515%.<\/p>\n

\\\"ETH<\/p>\n

ETH price is still 65% below its historical maximum. Data: Messari<\/a>.<\/p>\n<\/div>\n

Some coins among the top 10 outpaced Ethereum in price gains over the last 24 hours. For example, Litecoin rose 11.8%, and Polkadot 14.7%. Bitcoin\u2019s price rose 3.9% over the last 24 hours.<\/p>\n

\\\"ETH<\/p>\n

Data: CoinGecko.<\/p>\n<\/div>\n

Against a positive price trajectory, Ethereum is seeing inflows into the DeFi segment. The total value locked in decentralized applications (DApps) is approaching $14 billion.<\/p>\n

\\\"ETH<\/p>\n

Data: DeFi Pulse.<\/p>\n<\/div>\n

The number of active users of ten popular DApps exceeded<\/a> 1 million.<\/p>\n

Subscribe to ForkLog’s YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

The second-largest cryptocurrency by market capitalisation hit a yearly high, testing the $500 level.<\/p>\n","protected":false},"author":1,"featured_media":32092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46],"class_list":["post-32091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=32091"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32091\/revisions"}],"predecessor-version":[{"id":32093,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32091\/revisions\/32093"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/32092"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=32091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=32091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=32091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}