Press Releases News Today TheBitTimes.com

Following the Ripple ruling in early July, investors focused less on Bitcoin (BTC) and Ethereum, favoring other leading altcoins like XRP, Cardano (ADA), Polygon (MATIC), Solana (SOL), and most recently Dogecoin (DOGE). advertisement The biggest task among Ethereum is holding the price above $1,800 – a move likely to prevent possible declines to $1,700 and $1,600. If a recovery ensues from the current market value, the token powering the largest smart contracts token might trigger a surge in investor interest, who are still waiting on the sideline for an uptrend confirmation above $2,000. Here’s What It Will Take Ethereum to Rally? Ethereum price  is in the middle of nurturing a potentially massive breakout that could propel it not only above $2,000 but allow bulls to close the gap to $2,400 for the first time since May 2022. Recommended Articles ...

Ethereum staking withdrawals are picking momentum. But they have not been able to cause a major selloff as many had anticipated post the Shanghai upgrade. The price of Ethereum's Ether (ETH) token came just a few dollars from hitting $2,000 a day after the launch of the network's long-anticipated Shanghai upgrade. Ethereum ducks sell-the-news fears On April 13, Ether's price gained roughly 4% to reach an intraday high of $1,996 on Coinbase, ignoring the potential selloff pressure the Shanghai upgrade could potentially bring to the market. ETH/USD daily price chart. Source: TradingView To recap: the Shanghai hard fork, also known as "Shapella," enables users to withdraw their ETH from Ethereum's Proof-of-Stake smart contract. As of 09:00 UTC, April 13, over 98,000 ETH worth around $194.8 million has left Ethereum's voting balance reserves since the Shanghai launch a day ago, according to Nansen. In other words, nearly $200 million in potential selling pres...