Ethereum Prices Tear to $585 as Staking Reaches 55%

[Jentot]

Ethereum Prices Tear to $585 as Staking Reaches 55%

Ethereum prices have been on a tear this weekend, surging over 15% to reach a 30 month high of $585 during the morning’s Asian trading session.

While Bitcoin briefly dabbled with $19k on Saturday, it found resistance there and has retreated a couple of percent to the mid-$18k range. Ethereum on the other hand has kept the momentum running and has powered to its highest price since June 2018.

The green candles for Ethereum just keep coming as it surged from just over $500 on Saturday morning to top out at $585 by Monday morning.

Over the past seven days, Ethereum has cranked 26% from around $460 this time last Monday. Since the beginning of the year, ETH has surged 350% outperforming its big brother Bitcoin which has only made around 150% by comparison.

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