Ethereum (ETH) has risen to $2,000 for the first time since May 2022.
Ethereum, which rose to the level of $ 1,925 by reaching the peak of 7 months in the past days, saw the level of $ 2,000 months later with the effect of the Shapella update. With the recent rises, the asset has increased its year-to-date earnings to over 65 percent.
Shapella Update Affects Price Positively
After a two-year lockdown period, Ethereum staking withdrawals were enabled with the Shapella update around 12:30 AM ET on April 12.
According to Beaconchain.In data, more than 77,000 ETH withdrawals took place after the update. According to the data, the amount of ETH staked decreased below 18 million, while the number of validators decreased to 562 thousand 497. 744 thousand out of a total of 17 million 500 ETH staked are waiting in line for withdrawal. It is planned to withdraw approximately 95,000 ETH in the next 12 hours.
Before the update, there were different theories on the part of the investors, with the locked Ethereums being released. One of them was the increase in selling pressure on the network with the upgrade. However, there was no fear, and with the effect of the update, the Ethereum price reached the new high of the last months.
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