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Ether is trying to gain a foothold above $ 700

Ether (ETH) at the beginning of the new week rose to its highest level since May 2018. At the time of this review, the largest altcoin was trading at around $ 707. The capitalization of ETH in the last 24 hours has grown by almost 9% to $ 81.172 billion. Ether has significantly strengthened its market position thanks to the growth of Bitcoin, on which ETH is still very dependent. If the rise of the cryptocurrency continues, then the next resistance zone is expected to be around $ 720. According to the Glassnode platform, about 90% of Ethereum addresses (47 million) are now profitable, the highest since January 2018. The researchers also noted that, for example, in March of this year, only 3.2% of addresses were profitable on the network. The IntoTheBlock team also drew attention to the positive trend. According to her, the number of ethereum wallets with a non-zero balance has already grown to a two-year high (over 50 million). In the long term, the altcoin is set to renew highs. In the expert community, many believe that 2021 will be a breakthrough year for the airwaves. The key event will be the launch of ETH futures on the Chicago Stock Exchange (CME) in February next year.

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