Cryptocurrencies

Ethereum (ETH) price of September 18, 2020

On September 11, 2020, the opening price of Ether (ETH) was around $ 367. ETH is trading at $ 382 today, September 18, 2020, as of this writing. The period was very slightly bullish for ETH. While its price is struggling to rise, Ether is seeing other advances in technical aspects.


ETH developers at the forefront

DeFi continues to progress, even if Ethereum has not yet implemented any solutions to support this growth.

Even though the DeFi experts think thatEthereum 2.0 will not solve anything, we are still waiting for its release to see the real impacts.

In a blog post published on September 14, 2020, the coordinator ofEthereum 2.0 announced a new testnet, the Spadina.

The latter will be launched in parallel with Medalla for 3 days. Spadina is considered “the dress rehearsal” before the launch of the mainnet.

While the developers ofETH 2.0 continue their work, developers on the current blockchain are not idle.

Their business hit a 7-month high as the price of Ether consolidates.

Historically, developer activities have been a reliable indicator of the medium-term trend inEther.

A high level of activity signals an optimistic trend in theETH in the medium term.

ETH addresses: from wallets to e-mail

While DeFi should fuel the course ofEther, the detailed data on wallets give more details and qualify this theory.

Glassnode data shows that the number of wallets containing at least 10,000 ETH hit a 21-month low at 1,020 addresses on September 12, 2020.

Ether wallet ETH 10,000

Source : Image via Twitter

On the same day, the number of addresses containing at least 1,000 ETH also hit a 2-year low of 7,253.

Ether wallet ETH 1000

Source : Image via Twitter

In contrast, the number of wallets ETH with a non-zero balance reached a new ATH at 46,810,185.

Yes Bitcoin (BTC) relies on its scarcity to explode its course, the rising price ofEther it is based on its usefulness.

Unstoppable Domains introduced a new feature that allows domain owners with the .crypto extension to send emails. They just have to use their private key ETH to log in.

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Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

Will Ethereum 2.0 finally be released this year? Will it solve the scalability issues with the strong progression of DeFi? To answer these questions, send an email to Vitalik Buterin, using an ETH signed email address.

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