Ethereum (ETH) Price Crosses $300: 5 Reasons for Reawakening

(ETH) moved in unison with (BTC), as the leading coin broke the $11,200 barrier for the first time in more than a year. Usually, a rising BTC would push down ETH, but this time around, there are indicators for optimists that see the second largest coin move to more significant valuations.

ETH traded at $307.47 as of 9:45 UTC on Monday, moving up more than 300% since the lows of $92 in December 2018. Now, ETH has a long way to go to its heights, as it trades at around 0.028 BTC. Here are the five factors to boost the price of ETH:

High Liquidity
ETH is the coin that sees the biggest inflows of funds, both from Bitcoin (BTC) and Tether (USDT). From the BTC markets, more than $1 billion’s equivalent flow into ETH, which is a ramp for a larger array of altcoins. Another $1.14 billion’s equivalent flow in from Tether (USDT) markets. Thus, ETH is much more than a “utility coin” for the Ethereum network, and its market price reveals the coin is actually central to the system of exchanges. To compare, other “utility coins” for networks similar to Ethereum are commanding a much lower price – and are not included in base pairs.

Additionally, the supply of

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.