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Ethereum Touches USD 500 For the First Time In More Than Two Years

Yesterday, Ethereum (ETH), the second-largest market capitalization crypto-asset, crossed USD 500 for the first time since July 2018.
At pixel time (09:40 UTC), ETH trades at USD 495 and is up by about 6 percent a day and 6 percent a week. Prices rose by 31 percent a month and 186 percent a year. ETH has to rise by another 189 percent to meet its all-time peak of USD 1,432. Certain coins from the top 10 club are up by 1%-14 percent yesterday. Bitcoin (BTC) trades at USD 18,170 or 11 percent of its all-time record. BTC is up by 3.5 percent a day and 11 percent a week.

As cryptonews.com reported, Today the Ethereum price rose again and broke the resistance rates of USD 498 and USD 500. ETH also cleared the level of USD 505 and checked USD 510. The stock is trading above USD 500 and it seems that the price will begin to climb towards the peaks of USD 518.
If there is a downside correction, the USD 502 and USD 500 levels might provide support. Any further losses may possibly lead the price towards the USD 485 support zone.

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