The air price (ETH) on Monday 23 November rose to $584. The largest altocoin could reach $600 in the next 24 hours, analysts predict.
Over the past 24 hours, ETH’s capitalisation has increased by around 9% to $65.913 billion, with a steady increase in early November.
On 3 November, Ethereum Code rate was around $375. Over the last two weeks, the positive trend has dominated, allowing the largest altoin to take off for more than $200.
Santiment’s team tweeted that the airtime above $550 was last seen in early June 2018. This was surpassed on the Binance and Coinbase exchanges the night before.
The researchers drew attention to the high activity of the airline’s users. Currently, about 480,000 addresses make transactions daily. At the same time, there is an increase in the number of new ETH holders.
Capital inflow to the airwaves is observed in the run-up to the network renewal (ETH 2.0). It is scheduled for early December. Resistance will increase as altokoin approaches $600, observers say.