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{"id":9031,"date":"2023-04-14T16:12:33","date_gmt":"2023-04-14T11:12:33","guid":{"rendered":"https:\/\/visegrad24.info\/ethereum-soars-above-2100-following-successful-shapella-upgrade\/"},"modified":"2023-04-14T16:12:33","modified_gmt":"2023-04-14T11:12:33","slug":"ethereum-soars-above-2100-following-successful-shapella-upgrade","status":"publish","type":"post","link":"https:\/\/visegrad24.info\/ethereum-soars-above-2100-following-successful-shapella-upgrade\/","title":{"rendered":"Ethereum Soars Above $2,100 Following Successful Shapella Upgrade"},"content":{"rendered":"
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Ether (ETH) price crossed the $2,100 area for the first time in several months. The Shapella upgrade of Ethereum went live on April 12th, enabling more than $1 billion in ETH to be withdrawn, yet the price of ether continues to rise.<\/p>\n

After several months of planning, the long-awaited Ethereum Shapella upgrade was successfully launched on April 12, bringing various improvements to the network while enabling pegged ETH withdrawals.<\/p>\n

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Ethereum is seeing a massive outflow of over $1 billion in pending withdrawals\n<\/p><\/div>\n

Despite initial concerns that enabling withdrawals of ETH tokens held on-chain since the recent merge event that saw Vitalik Buterin’s Ethereum move to a proof-of-stake (PoS) blockchain would lead to a massive crash in the price of the world’s second-largest cryptocurrency, , the opposite was true.<\/p>\n

Although the global banking crisis has led to strong bullish momentum across cryptocurrency markets since last month, ETH has emerged as one of the best performers this month, with a price increase of 23.5% in the last 30 days.<\/p>\n

Filling out this report, Ether (ETH) is exchanging hands for $2,110, which is up 6.7% in the last 24 hours. However, despite the recent bull run, ETH is still down 56.73% from its all-time high of $4,878.26, which was reached in November 2021.<\/p>\n

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