Ethereum (ETH) Hits $2,000 Mark Following Shanghai Upgrade Launch
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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, Ethereum has recorded a bullish trend that is currently up by more than 6% with its market price now trading above the $2,000 mark. Its trading volume has also surged suggesting buying pressure. Ethereum (ETH) Surges Over 6% As of yesterday, prior to the Shanghai upgrade launch, ETH was in
Ethereum, the world’s second-largest cryptocurrency, has seen its recent rally come to a screeching halt as Ethereum (ETH) has erased all of its gains in the wake of the highly anticipated Shanghai upgrade. While many had high hopes for this upgrade, which promised to improve the network’s speed and scalability,…
Staking rates on the Ethereum blockchain have been on the rise since the implementation of the Shanghai upgrades in April 2023. The Shanghai upgrades made staking more accessible to institutional investors and increased the staking rewards, which has led to a significant increase in the number of ETH staked on…
According to Glassnode on-chain data, Ethereum staking has reached an all-time high of over 16.16 million ETH which has been deposited into the beacon chain. The 16.16 million ETH figure consists of over 13.28% of the total Ether supply and represents $26.13 billion at current prices. As per the data,…