Should you invest in Ethereum (ETH) as price breaks $600?

November 24, 2020 | By | Reply | 22 Readers More

  • Ethereum price has gained over 8% today to push above the $600 mark for the first time in over 2 years
  • Analysts are wary that the continuous delay in the Ethereum 2.0 launch may hurt its dominance in DeFi
  • The support line around the $500 handle will now act as support while the next target for bulls is $640

Ethereum (ETH) price has broken out above the $600 mark for the first time since June 2018. The buyers will now aim to push for a close above this line as they attempt to force a bullish end to 2020.

Fundamental analysis: Delays in the rollout of Ethereum 2.0 may diminish its dominance in the DeFi sector

Crypto market experts expressed their concerns about Ethereum’s ability to keep up with the growth of other DeFi projects as the launch of Ethereum 2.0 keeps getting postponed. The long-anticipated rollout of Ethereum 2.0 will involve the shift to the…

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