Bitcoin bull run: will Ethereum benefit?

Ethereum profits and reaches annual high

BTC rises to over 22,000 US dollars, ETH follows suit and reaches over 650 US dollars

The next Bitcoin bull run is in full swing, and ETH, the cryptocurrency of the Ethereum ecosystem, can also benefit from the huge rise to over 22,000 US dollars. As a result of Bitcoin reaching a new all-time high, Ether (ETH) was also able to rise to a new high for the year.

As a result, the price was able to rise to over 650 US dollars at times, fueling the hopes of the Ethereum community that ETH could experience a similar hype as Bitcoin. In addition to the Bitcoin all-time high, the Chicago Mercantile Exchange's announcement to offer an ETH future from 2021 was also very conducive to the short-term price development.

The Ethereum camp assumes that the growing DeFi trend will be the price driver in 2021 and will lead to four-digit US dollar prices per ETH.

ETH 2.0: The Ethereum ecosystem continues to evolve

News of the launch of ETH futures on the CME exchange were not, of course, the most significant event for Ethereum this year. The first phase, Phase 0, of ETH 2.0, officially launched in early December.