Dec 17, 2020 08:12 GMTCrypto News
ETH hit a new high of 2020, however, the bullish potential is not exhausted yet.
A move above $780 will open up the way to $1,000.
ETH hit a new record for 2020 and reached the highest price since May 2018 at $658 fuelled by ETH futures launch on CME and a strong Bitcoin rally to a new all-time high.
At the time of writing, Ethereum (ETH) is trading at $645. The coin has gained over 10% on a day-to-day basis. The second-largest digital asset with the current market capitalization of $73 billion registered an average daily trading volume of $17 billion.
ETH lived through a stellar November and may be in for a strong December as fundamental and on-chain metrics imply that the bullish momentum is not over yet.