Crypto
Selling Pressure After Shanghai Upgrade Likely to Not Impact ETH’s Price: Report
Glassnode said it expects just 170,000 ETH ($321 million) to be sold after the Shanghai upgrade goes live.
BTC$62,495.00-2.10%
ETH$1,662.50-3.31%
USDT$0.99890.00%
USDC$0.9998-0.01%
XRP$1.11-1.51%
SOL$69.43-3.23%
TRX$0.329-1.30%
FIGR_HELOC$1.03-0.16%
HYPE$62.14-5.95%
DOGE$0.0788-3.89%
USDS$0.9997+0.01%
RAIN$0.0156-2.27%
LEO$9.54+0.05%
ZEC$416.96-5.64%
XLM$0.1953-3.57%
BTC$62,495.00-2.10%
ETH$1,662.50-3.31%
USDT$0.99890.00%
USDC$0.9998-0.01%
XRP$1.11-1.51%
SOL$69.43-3.23%
TRX$0.329-1.30%
FIGR_HELOC$1.03-0.16%
HYPE$62.14-5.95%
DOGE$0.0788-3.89%
USDS$0.9997+0.01%
RAIN$0.0156-2.27%
LEO$9.54+0.05%
ZEC$416.96-5.64%
XLM$0.1953-3.57%
The number of active ether futures contracts trading on the Chicago Mercantile Exchange (CME) has increased by 39% since April 10.
Glassnode said it expects just 170,000 ETH ($321 million) to be sold after the Shanghai upgrade goes live.
Ethereum's staking ratio is expected to see an uptick with the upcoming Ethereum Shanghai upgrade.
Stabilized stETH signals a return to healthier market after Terra induced extreme market conditions.