The Shapella update, which has been expected for weeks, took place successfully at night, how did the update affect Ethereum?
Ethereum has overcome one of the toughest steps of this year with its Shapella update. The update, which took place on epoch 194.048, completed successfully. The update took the name Shanghai from the execution layer of the network, while the Capella took the name from the consensus. The update, which was expected with great interest in recent weeks, also brought fluctuating price movements in Ethereum (ETH). How did ETH, whose volatility increase as the upgrade time approaches, display a pricing?
Ethereum (ETH) Price Actions
As the Shapella update gets closer, the increased trading volume from the crypto market has been evident in ETH pricing. The leader of the altcoins, which first tested the weekly opening price, took the bullish flag and reached the level of 1932 dollars. The increased volatility and selling pressure at that level brought a 1.87 percent drop in ETH price. After this pricing, it was seen that buyers were more active.
Currently, ETH, which is moving above the daily opening price, can be followed for a clear break of $ 1940 to show big increases. In the downtrend that can start, the 1880 – 1849 and $18290 levels can be watched as support.
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