Ethereum (ETH) Drops 11%, Sheds All Gains From Shanghai Rally
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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, the market seems to have reacted negatively to the news. This sudden drop in price has left investors wondering what the future holds for Ethereum, and whether or not it can recover from this setback. Crypto Market Downturn Drags Ethereum Lower At the time of writing, the price of Ethereum
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,…
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…