According to Zcrypto on the 28th (local time), Ethereum is increasing the test possibility of $750 by surpassing $740 following the intraday of $730, amid steadily increasing trading volume.
Source: Coin Market Cap
Ethereum has shown an annual growth rate of over 300% this year as demand has increased along with the rapid growth of the decentralized financial (de-fi) market.
In addition, the long-awaited Ethereum network upgrade Ethereum 2.0 in the cryptocurrency market was released in early December.
However, according to Zcrypto, some of the market pointed out the problems that Ethereum must overcome in order to continue rising prices in the future.
Ethereum 2.0 was released in early December, but the network upgrade is still only 18%, so the value of Ethereum and ERC-20 tokens will depend on how much progress this work will make over the next few months. Description.
Along with this, the recent speculation that the U.S. Securities and Exchange Commission (SEC), which filed a lawsuit in court for violating the securities laws of Ripple’s XRP, will take legal action against Ethereum for similar reasons could also hinder Ethereum’s rise There is also concern that there is.
Based on coin market cap data, Ethereum recorded $740.05, up 7.06% as of 2:20 pm New York time.