ETHEREUM IS A HOT TOPIC FOLLOWING 2.0 LAUNCH; WILL THIS BOOST ITS UPTREND?

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ETHEREUM IS A HOT TOPIC FOLLOWING 2.0 LAUNCH; WILL THIS BOOST ITS UPTREND?

Ethereum has been closely tracking Bitcoin’s price action as of late, which means that it may continue consolidating below its recently set highs of $620 until BTC can break above its all-time highs.

One recent event that could prove to be a catalyst for ETH is the launch of Ethereum 2.0. This has created a lot of hype surrounding the blockchain and may continue doing so in the mid-term.

An analytics firm explained in a recent tweet that since the launch began, discussions of Ethereum have surged, which could be a bullish sign.

At the time of writing, Ethereum is trading up just under 3% at its current price of $613. This marks a notable surge from where it was just one week ago when its price plunged below $600 and reeled all the way to $490.

The support at these lows was quite intense and helped slow its descent. It bottomed around the same time as Bitcoin, which reached lows of $16,400.







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