Ethereum 2.0 is one of the main catalysts for this rally of ETH.
The deposit contract of Ethereum 2.0 has reached the threshold of 524.288 ETH - signaling the confirmation of the launch of the Beacon Chain of ETH 2.0.
Specifically, the Beacon Chain of ETH 2.0 has been confirmed to be rolled out on December 1, after transferring full 12 ETH from 16.384 validators entered deposit contract ETH 2.0 since it was active on November 4th.
Despite initial concerns, transfers to deposit contracts have increased rapidly in the past hours - with more than 200.000 ETH transferred to the contract in just 14 hours.
As such, Ethereum 2.0's Beacon Chain is now set to launch on schedule, dispelling concerns among previous investors who fear it will be postponed.
ETH price in the past hours continuously "fly" high, currently trading at 617 USD, up 6,86% over the last 24 hours.
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