Ethereum Smashes Through $400 – ETH Sees Highest Price Since 2018

Ethereum Smashes Through $400 – ETH Sees Highest Price Since 2018

August 14, 2020

Ethereum’s price exploded in the past 24 hours and the coin is up by more than 7%.

Ethereum price explodes

At the moment of writing this article, ETH is trading in the green and the coin is priced at $427.25.

As Decrypto also notes, ETH’s price has exploded in part because of the explosion in interest and use of DeFi, a mostly Ethereum-based trend.

It’s also important to note the fact that the last time ETH was above $429 was August 1, 2018.

There have been all kinds of bullish predictions for the price of ETH and this is mostly due to the strong fundamentals behind the coin.

You may recall that back in March, IBTimes was writing that “Also, the case for a $500 Ether before the end of the year is asserted by crypto whale Angelo฿TC, who has a history of making accurate predictions.”

Angelo฿TC tweeted the following message:

Companies Mentioned

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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