• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
Ethereum

Ethereum Maintains Bullish Form As Developer Confirms Date For Shanghai Upgrade

Semilore Faleti by Semilore Faleti
7 days ago
in Ethereum
Reading Time: 3 mins read
Advertisement

Following the market bounce this week, Ethereum (ETH) has been one of the most profitable tokens with better market performances than most altcoins, including Cardano(ADA), Dogecoin (DOGE), and Solana (SOL).

The second-largest cryptocurrency by market cap began the week trading around the price region of $1,588 before rising by about 12% to almost hit the $1,800 price level for the first time since August 2022.

Following this impressive price gain, ETH experienced a minor pullback which saw its market price fall to around $1,628. However, ETH soon resumed its bullish course with steady gains over the last two days.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Related Reading: Bitcoin Blasts Past $26,500, Gearing Up For Another Bullish Weekend

According to data from Coingecko, Ether is maintaining its upward momentum gaining by 4% in the last 24 hours, thus, moving its overall gains in the last seven days to an impressive 20.2%. 

ETH’s positive price movement is quite important, especially with the upcoming Shanghai upgrade of the Ethereum network. In the latest development on that front, Ethereum users will be pleased to know that there is now a confirmed date for the Shanghai network update. 

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

At the time of writing, ETH is exchanging hands at $1,744.12, with its daily trading volume set at $11.7 million. In addition, the altcoin maintains its 17.1% market dominance with a market cap value of $208.5 billion.

 Ethereum

ETH trading at $1,743.90 | Source: ETHUSD chart on Tradingview.com

When Is The Official Date For The Ethereum Shanghai Upgrade?

Following the successful Shanghai upgrade of the Goerli testnet on March 14, it was only a matter of time before the Ethereum mainnet followed suit. At the Ethereum developers meeting yesterday, an official date was finally chosen to implement the much-anticipated hard fork of the Ethereum network.

According to a tweet from popular Ethereum developer Tim Beiko, the Shanghai Upgrade is scheduled to take place in four weeks on April 12 at exactly 10:27 pm UTC. This announcement has sparked much excitement within the Ethereum community and the crypto space in general.

Related Reading: BNB Price Surges Over 20% in a Week And Rally Seems Far From Over

Significance Of The Shanghai Upgrade

The Ethereum Shanghai Upgrade is one of the most anticipated events in the crypto space for 2023. Like any upgrade, it promises to introduce various exciting features, including significant improvements in scalability, security, and smart contract operations.

However, the most notable point about the Shanghai upgrade is that it will finally allow the withdrawals of staked ETH. Currently, there are about 17.5 million ETH tokens worth $29 billion staked on the Ethereum network. 

Following the Shanghai Upgrade, there may be massive withdrawals of these tokens, which might lead to a dramatic rise in the liquid volume of ETH in the market. 

However, there is lots of speculation on how this potential development will affect the operations of liquid staking protocols, which are the largest contributor to the ETH staking market, owning 32% of all staked Ether tokens. 

Featured Image: Bloomberg, chart from Tradingview.
Tags: CapellaETHEtherethereumShanghai UpgradeTim Beiko
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Semilore Faleti

Semilore Faleti

Related Posts

Ethereum

Ethereum Bullish Signal: $560M In ETH Exits Exchanges

13 hours ago
Bitcoin Market Dominance Hits 9 months High as Altcoins Turn Red

Bitcoin Market Dominance Hits 9-Month High As Altcoins Turn Red

5 days ago
Use Multi-Signature And Social Recovery Wallets To Achieve Self-Custody, Ethereum Creator

Use Multi-Signature And Social Recovery Wallets To Achieve Self-Custody, Ethereum Creator Says

6 days ago
Ethereum

Ethereum Displays Bullish Pattern, What To Expect Next?

1 week ago
Ethereum whales

Ethereum (ETH) Continues Rally As Whales Goes On Buying Spree, $1,700 Next?

1 week ago
Ethereum Founder Buterin Dumps These Meme Coins, What You Need to Know

Ethereum Founder Buterin Dumps These Meme Coins, What You Need to Know

2 weeks ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Litecoin (LTC) and Dogecoin (DOGE) Drowning in Controversy While TMS Network (TMSN) Steals the Show

March 24, 2023

The Best Altcoins To Get In Early 2023: TMS Network (TMSN), TRON (TRX) and Mask Network (MASK)

March 24, 2023

The Web3.Conference will gather Web3 builders & creators this May in Amsterdam

March 24, 2023

LFi Unveils LFi Smartphone, Providing Unprecedented Access to Decentralized Financial Opportunities

March 24, 2023

Cardano (ADA) and Polkadot (DOT) Prices Reach a Crucial Juncture, While TMS Network (TMSN) Attracts Investors in Stage 2 of Presale

March 24, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.