After the Shapella update, Ethereum (ETH), which took the wind behind it, started to challenge $ 2 thousand.
ETH, which successfully completed the Shapella update on the night of April 13, almost coveted $ 2,000. As of the writing of the news, the leading cryptocurrency, which is hovering at $ 1,980, seems to try its short-time record price. ETH, which has not been able to see these levels for about 7 months, continues its price movement upwards, receiving intense support from the Shapella update. After the update, the severe price trend did not appear. ETH, which has increased in the last hours, continues today with an increase of 5.83 percent.
Is Ethereum (ETH) Rise Continuing?
One of the main factors we need to look at before we can answer this question is Bitcoin (BTC). The leader of cryptocurrencies has been hovering around $30,000 for two days. BTC, which has not yet clearly determined its route, actually restricts the movement of many cryptocurrencies, although not directly.
At the beginning of the ETH-based rises is the pricing of BTC above $ 30,000. This level, which is psychologically and technically valuable, is the main item that will guide the entire crypto market. ETH, which is supported by the Shapella frenzy for now, seems to be able to continue its rise in the company of BTC.
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