spot_imgspot_imgspot_img

Ethereum Approaches $2000 After Shanghai Surge!

  • The Shanghai and Shapella upgrades have been successfully completed.
  • Ethereum has reached its highest level in eight months.
  • Ethereum has surpassed Bitcoin with its rise.

Ethereum Approaching $2000!

- Advertisement -spot_img

ethereum-eth

Ethereum, which has reached its highest level in eight months, has moved after a successful network upgrade called Shanghai or Shapella.

The upgrade, which was implemented at 01:30 on April 13th according to Turkish time, allows ETH staking users to withdraw money, which is a process that helps secure and verify transactions on the blockchain. In the first hours after the upgrade was released, ETH traded quite horizontally.

Ethereum, the second largest cryptocurrency by market value, has gained over 4% since the upgrade, while market leader Bitcoin has gained less than 2%.

David Brickell, Institutional Sales Director at Paradigm:

“ETH has underperformed BTC due to potential supply dynamics since the uncertainty and unlocking of the upgrade. Now that the risk event is over, there is no significant selling pressure, and the market may loosen short protections and rebalance towards ETH.”

Analysts moving towards the main hard fork are divided on how the backward-incompatible upgrade will affect ETH’s price, with some predicting that investors will rush to liquidate their assets.

Ethereum (ETH)

So far, more than 108,000 Ethereum stakes have been withdrawn.

Although Ethereum saw horizontal price movements after the upgrade, it tested the $1994 levels early in the day. The Ethereum price is currently trading at around $1982, unable to sustain above $1990.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

Suggested Exchange

spot_imgspot_imgspot_imgspot_img

Latest News

Ethereum Futures ETFs Debut Amid SEC Speculation on Bitcoin Fund Approval

With Ether ETFs entering the market, all eyes turn to the SEC's next moves on Bitcoin funds. The expansion of cryptocurrency-related ETFs suggests a shift in the financial ecosystem, catering more towards digital assets.

BREAKING: Japanese Automotive Giant Honda to Accept Bitcoin and Ethereum!

The news that Japanese automotive giant Honda will accept Bitcoin and Ethereum as payment methods is making waves in the market!

Last Week Saw Inflows into Crypto Funds Led by Bitcoin!

According to a new report by CoinShares, Bitcoin led inflows into digital asset investment products last week, while ETH was the least favored altcoin.

BREAKING: Grayscale Applies for a Spot Ethereum ETF! All the Details!

Grayscale Investments, the world's largest crypto asset manager, has taken steps to convert its Ethereum Trust fund into a spot Ethereum ETF!

Can Bitcoin Reach $145,000? Renowned Analyst Explains!

The famous analyst made predictions about the future by examining historical data in Bitcoin: how much can BTC rise in 2025?

PRO Analysis

Ethereum Maintains Above $1700! What’s Next? Current ETH Price Analysis!

Ethereum successfully held above the critical $1700 resistance: What's the next resistance level for ETH? Current ETH analysis!

October 2nd Bitcoin Price Analysis: What Is the Next Price Target for BTC?

Bitcoin began the first week of October with an uptrend: What will be Bitcoin's next target? Current support and resistance levels for BTC!

October 1st Current Polygon (MATIC) Price Analysis: Is MATIC Coin Starting an Upside Rally?

Polygon (MATIC) has surged in the last 24 hours by breaking an important resistance level: Will MATIC coin continue its upward movement?

October 1st Chainlink (LINK) Price Analysis: If LINK Coin Can’t Hold This Support, the Upside Movement Could End!

Chainlink (LINK) appears to be close to breaking the recent uptrend: if this support doesn't hold, LINK coin could fall further!

OGN Failed to Hold Above Critical Resistance! What’s Next? Current OGN Coin Analysis!

Origin Protocol (OGN) has shown an increase of more than 20% in the last 24 hours and has attracted attention: it needs to overcome this resistance to continue rising!
spot_imgspot_imgspot_imgspot_img
Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
spot_imgspot_imgspot_imgspot_img

Ethereum Futures ETFs Debut Amid SEC Speculation on Bitcoin Fund Approval

With Ether ETFs entering the market, all eyes turn to the SEC's next moves on Bitcoin funds. The expansion of cryptocurrency-related ETFs suggests a shift in the financial ecosystem, catering more towards digital assets.

BREAKING: Japanese Automotive Giant Honda to Accept Bitcoin and Ethereum!

The news that Japanese automotive giant Honda will accept Bitcoin and Ethereum as payment methods is making waves in the market!

Last Week Saw Inflows into Crypto Funds Led by Bitcoin!

According to a new report by CoinShares, Bitcoin led inflows into digital asset investment products last week, while ETH was the least favored altcoin.

LEAVE A REPLY

Please enter your comment!
Please enter your name here