Counting hours for Shanghai and Capella updates, how does Ethereum (ETH) continue its pricing process?
One of the biggest developments of Ethereum this year Shanghai and Capella days to upgrade. Along with these developments ETH, with the wind behind it, is close. At the same time, it saw the 7-month price peak by testing the 1942 dollar.Finally, in August of 2022, it exceeded the level of 1900 dollars. ETH, USA Centre baseHe found strength in ‘s record increase in the Federal Funds rate to fight inflation.
Looking at the current period, on April 12 ShanghaiAnd capellaEthereum, which will perform the update, continues to keep expectations high.It also strengthens the crypto market value. ETH set a 10-month record in crypto market cap when it reached $ 1942.
ETH’s Star is Shining with Shanghai and Capella!
Ethereum, which will sign a major update on April 12, not only attracts attention to itself, to the crypto marketalso reflected the favorable weather conditions . ETH tested the 1942 dollar, making short-term ATH in crypto market cap. The update dates on the popular project are attracting the attention of crypto investors. ETH managed to end the 7-month price longing by equaling $ 1900, which is difficult to overcome both psychologically and graphically.We can say that this positive atmosphere created by the updates still continues.
Targeting faster transactions at lower cost, these updates will enable EIPs. Additionally, the update will allow validators and stakers to withdraw ETHs. It will enable EIP-4895.Not just in the crypto industry, Ethereum, which has made a name for itself in the global financial markets, continues to attract investor attention while counting the days for updates.
As of writing, Ethereum is actively To 562,701 Validator reached the record. Staking amount, currently 18,006,246 ETHshaped. The process after the Shanghai and Capella update is still a matter of curiosity.
Currently ETH Analysis, Can Price Rise Continue?
Opening the week at 1850 dollars ETH continues to stay on the agenda with upcoming updates doing . Gaining momentum in every update it has made so far, pricing throughout that process. ETH continues in the same way it seems. ETH saw $1828 as the lowest price level on the 24-Hours zone. The popular coin, which it has captured from this level, temperamental buyersIn line with ”, it managed to raise its price again.
annual opening price 1200 from dollarsaccelerating ETH, especially, it had a large buyer base between 1200 and 1700 dollars.Negative effects of subsequent regulators, It shook ETH and pulled the price up to the $ 1500 levels.During that period, the problems that occurred in stablecoins, It also affected the crypto market and dragged many coins into decline. . Not long after these problems banking crises erupted . Silicon Valley Bank ( SVB ) triggered banking problems, dragging other banks along, damaging the crypto ecosystem. affected by the FUD news feed ETH instantly saw $ 1400.
The ETH chart, where buyers are clearly gaining strength from the annual opening price, is currently watching at $ 1910. Moving close to the monthly opening price, ETH tested $ 1942 last week, managed to reach this value months later. . Looking at the daily chart for ETH, It turns out that the annual opening price of $ 1200 actually has a very critical importance in the general picture.
Another criterion that gives information on behalf of the rises is from the levels of $ 1,500. incoming reactions had happened. ETH, which has tried this price several times, it had caught the buyer mass and carried the price to the upper points. . ETH maintaining the $1,500 level as a support zone For this reason, it can be said that this point is the “trend point”.
There is a high probability of meeting buyersanother one areawhereas, 1793 – 1757 dollars range in case. This region, which should not be lost in order to continue the uptrend in a short time, It has become even more critical with the upcoming update date.
Crypto investors who put on hold for April 12, Curious to follow what kind of pricing will be in ETH. doing . ETH, finally testing 1942 dollars He had settled on the climax of a 7-month adventure. . If the update process is successful and the result reflects positively on the crypto market, respectively, 2010 and 2032 dollar levels are guiding it could be. In case these resistances are exceeded in volume, A rise to the $2144 levels can be expected in ETH.
For the pioneer of altcoins, which is backed by Shanghai and Capella, the expectation from the crypto ecosystem is high. Currently showing positive effects on the market Crypto investors for ETH continue to wait with great interest.
One of the prominent names of the crypto market in social media Fidelitas Lexexpressed his views on the subject;
It is still the most preferred address among Ethereum DeFi protocols. It should also be kept in mind that Ethereum is a kind of reserve currency within the DeFi, NFT and Metaverse ecosystem. Based on these assumptions, it is possible to evaluate that the Shanghai update will fund the ecosystem components mentioned above with “hot money”. Considering the current non-crypto conjuncture, where banks are having a hard time and the issue of trust in traditional financial intermediaries is spoken loudly, it would not be wrong to think that a positive valuation can be seen in the TVL increase and the management tokens of these protocols, especially in DeFi protocols that have established their story on debt or idle investment evaluation.
Standing out with its remarkable posts on the crypto industry WindCryptoexpressed his views on ETH;
With the Shanghai update, Ethereum staked since December 2020 will be unlocked. Frankly, this does not sound good at first glance, but when we divide the stakers into two categories, there are those who make this move financially for profit on the one hand, and Ethereum maximalists on the other. When we look at those who do it for financial purposes and want to make a profit on the first side, we can think that these levels are not positive levels for those who locked their Ethereum in the bull season and could not sell their $ETHs in the $ 4,000 – $ 4,500 price band. When we turn our attention to Ethereum maximalists, they will be considering the advantages that the Shanghai update will add to Ethereum, rather than looking at this situation on a price basis. At this point, when we look at the next update on a price basis, it may have a negative movement in the short term, but I think it will have a positive effect on both the general market and the ecosystem for the medium and long term.
Standing out with his research and analysis on cryptocurrencies CoinCrazycommented on developments in ETH;
Ethereum Shapella is the biggest update since the Merge update last year, which made the transition from PoW to PoS. Pretty positive for Ethereum. I already like Ethereum’s long roadmap. Of course, the most important issue; Over 18M ETH staked since 2020 will become withdrawable for the first time. However, it is stated that this will spread over 2 months. I do not think that this will affect the ETH price much, as some of the stakers have bought the Ethereums they staked at a high price compared to now, which reduces the possibility of selling. Even when we consider Ethereum’s ecosystem, I don’t think some people who have staked in Ethereum will sell them. I think that the news has already been sold, but there is a possibility of a small fluctuation in the short term due to the fear that this situation will create (a possibility). In the long run, I am very positive.
