Ethereum Crosses $2,000 For The First Time In 2023, But Does The Rally Have Legs To Keep Running?

Ethereum and the crypto market have been trending to the upside over the past week and seem poised to extend the rally. The cryptocurrency underwent a major upgrade, dubbed “Shanghai,” which enabled the un-staking of ETH locked on the “Beacon Chain,” the Proof-of-Stake (PoS) blockchain. Unlike some expectations, the update failed to push Ethereum’s price down. As of this writing, the cryptocurrency recorded an 8-month high, climbing north of $2,000 for the first time in 2023 and potentially reaching its next resistance area. Ethereum Price Will Run Higher Or Slow Down? Traders’ Disbelief Could Fuel The Rally Recent data from