Newsletter
CoinSharks
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services
No Result
View All Result
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services
No Result
View All Result
CoinSharks
No Result
View All Result
Home News

Ethereum’s Value Surges in Anticipation of Shanghai and Capella Network Upgrades Next Week

Tom "The Tiger" by Tom "The Tiger"
April 6, 2023
in News
0
Ethereum’s Value Surges in Anticipation of Shanghai and Capella Network Upgrades Next Week
389
SHARES
1.8k
VIEWS
Share on FacebookShare on Twitter

Traders Prepare for Ethereum Upgrades, ETH Price Gains Momentum

As the Ethereum Shanghai and Capella upgrades approach on April 12, the price of Ether (ETH) has gained bullish momentum despite rumors and regulatory actions against exchanges. On April 5, the cryptocurrency hit a seven-month high of $1,922, indicating the market’s anticipation of the upcoming upgrades.

Related articles

US district judge refers FTX independent examiner issue to appellate court

US district judge refers FTX independent examiner issue to appellate court

May 31, 2023
Class-Action Lawsuit Filed Against Bancor DAO for Alleged Failure to Deliver on Impermanent Loss Protection Promises

U.S. prosecutors state that if the Bahamas raises objections, certain SBF charges will be dropped

May 31, 2023

ETH’s positive price achievements in the seven-day, one-month, and three-month timeframes, despite market volatility, have been notable, with a 59% growth from the year-to-date perspective. Analysts predict that ETH will break resistance levels and hit $3,000 in Q2 2023, as whale accumulation continues to grow.

The uptick in proof-of-stake validation through staking contracts has been bullish for the Ethereum ecosystem. Over 18 million ETH has been staked on the blockchain since Aug. 4, 2021, and liquid staking derivatives have made it easier for people to participate. Lido, the largest single entity in terms of value, has close to one-third of all staked ETH.

The total value locked (TVL) in the Ethereum network is also rising, with TVL reaching $50.8 billion on April 5, nearly reaching the yearly high of $51.4 billion. This indicates that the decentralized finance market is recovering, despite the drop in TVL on March 10 due to regulatory and macro headwinds.

The strength of ETH’s price ahead of the upgrades is evident through increased usage, whale accumulation, and a steady uptick in staking. Traders anticipate continued volatility in the price of ETH with only seven days remaining until the upgrades.

Share156Tweet97

Related Posts

US district judge refers FTX independent examiner issue to appellate court

US district judge refers FTX independent examiner issue to appellate court

by The Megalodon
May 31, 2023

A motion for the appointment of an independent examiner in the bankruptcy case of crypto exchange FTX has been referred...

Class-Action Lawsuit Filed Against Bancor DAO for Alleged Failure to Deliver on Impermanent Loss Protection Promises

U.S. prosecutors state that if the Bahamas raises objections, certain SBF charges will be dropped

by The Megalodon
May 31, 2023

According to a filing in the U.S. District Court for the Southern District of New York, some of the charges...

Bybit cryptocurrency exchange withdraws from Canada due to ‘recent regulatory changes’

Bybit cryptocurrency exchange withdraws from Canada due to ‘recent regulatory changes’

by The Megalodon
May 31, 2023

Dubai-based cryptocurrency exchange Bybit has revealed its decision to halt operations in Canada due to recent regulatory developments. The exchange...

AI Experts Issue Document Comparing the Risk of ‘Extinction from AI’ to Pandemics and Nuclear War

AI Experts Issue Document Comparing the Risk of ‘Extinction from AI’ to Pandemics and Nuclear War

by The Megalodon
May 31, 2023

An open statement published by the Center for AI Safety (CAIS) has garnered signatures from numerous AI experts, including the...

Competing regulatory bills take center stage in US House stablecoin hearing

US CFTC Releases Letter Addressing Compliance in Three Areas of Digital Asset Derivatives and Clearing

by The Megalodon
May 31, 2023

The United States Commodity Futures Trading Commission (CFTC) has issued a staff advisory letter to registered derivatives clearing organizations (DCOs)...

Load More
  • Trending
  • Comments
  • Latest
Kaspersky reports a 40% increase in crypto phishing attacks within a year

Kaspersky reports a 40% increase in crypto phishing attacks within a year

April 17, 2023
Investors Must Be Aware of These 3 Points from the C3.ai Report by Short-Sellers

Investors Must Be Aware of These 3 Points from the C3.ai Report by Short-Sellers

April 18, 2023
THORChain Halts Mainnet Due to Potential Network Vulnerability Reports

THORChain Halts Mainnet Due to Potential Network Vulnerability Reports

March 29, 2023
XRP Price Nears ‘Sell the News’ Moment Following a 20% Weekly Gain in the Crypto Market

XRP Price Nears ‘Sell the News’ Moment Following a 20% Weekly Gain in the Crypto Market

March 28, 2023
Protecting Your Crypto: The Importance of AML Frameworks in Web3

Protecting Your Crypto: The Importance of AML Frameworks in Web3

President Biden Proposes Phased-In 30% Tax on Cryptocurrency Mining Electricity Usage

President Biden Proposes Phased-In 30% Tax on Cryptocurrency Mining Electricity Usage

Explaining the Reasons for the Recent Downturn in Ethereum (ETH) Price: A Macro Analysis

Explaining the Reasons for the Recent Downturn in Ethereum (ETH) Price: A Macro Analysis

Breaking Barriers: Women in Web3 Leading the Charge for Diversity and Inclusion

Breaking Barriers: Women in Web3 Leading the Charge for Diversity and Inclusion

US district judge refers FTX independent examiner issue to appellate court

US district judge refers FTX independent examiner issue to appellate court

May 31, 2023
Class-Action Lawsuit Filed Against Bancor DAO for Alleged Failure to Deliver on Impermanent Loss Protection Promises

U.S. prosecutors state that if the Bahamas raises objections, certain SBF charges will be dropped

May 31, 2023
Bybit cryptocurrency exchange withdraws from Canada due to ‘recent regulatory changes’

Bybit cryptocurrency exchange withdraws from Canada due to ‘recent regulatory changes’

May 31, 2023
AI Experts Issue Document Comparing the Risk of ‘Extinction from AI’ to Pandemics and Nuclear War

AI Experts Issue Document Comparing the Risk of ‘Extinction from AI’ to Pandemics and Nuclear War

May 31, 2023
  • Premium Services
  • Terms of Service
  • Privacy Policy

All Rights Reserved. CoinSharks.

No Result
View All Result
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services

All Rights Reserved. CoinSharks.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.