{"id":161113,"date":"2022-07-27T19:05:08","date_gmt":"2022-07-27T19:05:08","guid":{"rendered":"https:\/\/precoinnews.com\/?p=161113"},"modified":"2022-07-27T19:05:08","modified_gmt":"2022-07-27T19:05:08","slug":"ethereum-eth-prices-surges-by-9-to-over-1500-outperforming-other-top-10-cryptos","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/ethereum\/ethereum-eth-prices-surges-by-9-to-over-1500-outperforming-other-top-10-cryptos\/","title":{"rendered":"Ethereum ($ETH) Prices Surges by 9% to Over $1500, Outperforming Other Top 10 Cryptos"},"content":{"rendered":"
On Wednesday (July 27), $ETH, Ethereum\u2019s native token, outperformed other top 10 cryptoassets (by market cap) by surging over 9% (vs USD) to take the price back above the $1500 level.<\/p>\n
According to data from TradingView, at 4:31 p.m. UTC on July 27, the $ETH price hit $1518.57, which is (so far) today\u2019s intraday high. Currently (as of 5:42 p.m. UTC on July 27), $ETH is trading around $1503.25, up 8.7% in the past 24-hour period.<\/p>\n
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Earlier today, global macro investor Dan Tapiero pointed to an important metric and suggested that Ethereum is undervalued at $1500 (especially when you consider that the last time the Ethereum network had this amount of usage $ETH was trading over the $3,000 level):<\/p>\n
Here are a few interesting on-chain metrics from The Block\u2019s Data Dashboard:<\/p>\n
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Finally, according to blockchain analytics firm Glassnode, the total value in the ETH 2.0 deposit contract reached 13,163,109 ETH earlier today:<\/p>\n
Featured Image\u00a0by\u00a0vjkombajn\u00a0from\u00a0Pixabay<\/em><\/p>\n