Today, the price of Ethereum (ETH) has once again exceeded $ 500.
This is not only the highest peak in 2020, but also the highest price in the last two and a half years.
In fact, the last time he was at this level was on June 22, 2018.
However, it is still a long way from its all-time high of over $ 1,400 reached on January 13, 2018.
It is worth noting, however, that it was precisely the $ 500 that ETH price had hit in December 2017, before the incredible spike that took it to its all-time high about a month later, with 200% growth in little more. 30 days.
Although it was at the end of November 2017 that the ETH price first approached the psychological level of $ 500, there is no guarantee that a peak similar to the one at the end of 2017 will occur in the coming weeks.
Ethereum at $ 500, which has changed since 2017
Especially since, as the trend of the price of Bitcoin shows, the current situation looks clearly different than three years ago.
In fact, between November and December 2017 a speculative bubble of extremely significant dimensions was formed, with the price of BTC increasing by 227% in just over a month and a half, while currently compared to the end of October the increase has been 31 %.
As far as ETH is concerned, the price was stable until mid-November, then rose 50% at the end of the month, another 69% in December, and 87% in thirteen days, leading to its highest peak. of history.
While these days it increased by 16% during the first half of November, followed for now by + 9%.
Consequently, the trend at the end of 2017 looks decidedly different from that of 2020, so much so that a spike like the one in the first thirteen days of 2018 is not particularly likely to be triggered in the near future.
But nevertheless, the price has gone from $ 130 to the current $ 500 since the beginning of the year, which represents an increase of 284%.