Ethereum reached a new high during Asian trade Monday morning. Ethereum reached its highest ever level during the Asian trading session on Monday morning, reaching $ 1,476. Larger price predictions are made by some of the industry’s top players.

 

 

A few hours ago, several exchanges, including Binance, reported their highest ETH prices around $ 1,476, but the asset has since declined slightly and traded at $ 1,435 as a 24-hour gain.

Over the past seven days, ETH has risen by 15.5%, while Bitcoin has fallen 7% since the same time last week.

$ 4 Billion staked ETH

At current prices, there is currently over $ 4 billion of ETH staked in the Beacon Chain deposit contract, locked in at least another year. ETH 2.0 Launchpad reports this as 2.82 million ETH, which is almost 2.5% of the entire supply.

Currently, earnings are at approximately 9.3% per year. This represents an impressive return for stakeholders, with the premise that asset has increased by 140% since the Beacon Chain was launched less than two months ago.

Staking is just one aspect of Ethereum demand. There is also the fact that there are far more developers working with Ethereum than any other competitor.

Institutional investors have also noticed this and demand is likely to increase in 2021. This situation brings along price predictions.

 

What’s next for Ethereum prices?

Industry expert Mike Novogratz tweeted about the lunch meeting with Ethereum co-founder Joseph Lubin, adding that prices could go up to $ 2,600.

With the current momentum in favor of Ethereum, there is little doubt that higher prices for the asset this year and how high levels will be seen.

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