Counting hours for Shanghai and Capella, Ethereum (ETH) dropped close to 5 percent in a short time, scaring the ecosystem before the update.
ETH, whose activity increased as the Shanghai and Capella updates approached, showed a decrease of 4.39 percent in a few hours. With the excitement created by the updates, it is not yet known which route the price will move. ETH, which came from approximately $ 1940 to $ 1865, alarmed crypto investors with this price movement made hours before the update. ETH, which is above the weekly opening price as of the writing of the news, seems to get even hotter as the hours progress.
What’s Happening in Ethereum (ETH)? Chart Analysis
ETH, which started the downward movement from $ 1940, is close to the weekly opening price of $ 1865. Counting hours to the update, the Ethereum ecosystem created fear in crypto investors as the price dropped. ETH, which has been following the wind for days, must exceed $ 1913 and set off again towards $ 1942 in order to continue its rise.
If the downward trend in the price continues, the 1860 – 1820 dollar levels can be followed as support. With so little time left for the update, the activity in ETH seems to increase even more.
61624
