Ethereum Continues Stretching Gains Against Bitcoin 4 Days After Shanghai
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The Ethereum uptrend continues when writing on April 18, four days after the smart contracting platform activated the much-anticipated Shanghai Upgrade. As Ethereum bulls double down, the coin has outperformed Bitcoin, the world’s largest cryptocurrency by market cap. ETH is up roughly 15% in the last week of trading versus Bitcoin. Ethereum Outperforming Bitcoin ETH is trading at 0.0708BTC and at a new April 2023 high. Moreover, it is within a bullish breakout formation versus Bitcoin. A notable development in the past few days is the solid break above recent resistance, now support, at around 0.0677BTC on April 14. While the recovery
Almost 24 hours ago, the Ethereum (ETH) long-awaited Shanghai Upgrade took place successfully. Many have anticipated a dip alongside the upgrade. However, contrary to expectations, the price of Ether (ETH) has been on an upward trajectory since the upgrade took place. Over the past 24 hours, following the Shanghai launch,…
Bitcoin price is up 30% versus Ethereum (ETH) in 2023, and bulls appear not to be slowing down, looking at the performance in the weekly chart. BTC is on the brink of pushing ETH lower at spot rates, registering new 2023 lows and extending gains from early this year. The…