Cryptocurrency

Ethereum cracks $2k as uncertainty of Shanghai upgrade settles

quick take

  • Ethereum surpasses $2,000 in a single day after Shanghai upgrade.
  • From a fundamentals perspective, it clearly shows that the upgrade has removed the uncertainty.
  • The change in active validators over the past two days is now positive, marking the first consecutive negative adjustment.
  • The number of voluntary exits seems to have decreased. The number of voluntary exits in an hour resolution saw him surge to 3,600 before dropping to 1,200 on April 13.
  • Additionally, Nansen data shows that deposits exceeded withdrawals on April 13th.
  • Arkham Intelligence reported that 127,400 ETH ($253 million) had been withdrawn, with most withdrawals coming from Lido, who withdrew 71,800 ETH.
  • There are currently over 17.4 million ETH at stake, representing approximately 14.5% of the tokens in circulation.
ETHUSD: (Source: Trading View)
Validator: (Source: Glassnode)
Validator: (Source: Glassnode)
Deposits and withdrawals: (Source: Nansen)
Deposits and withdrawals: (Source: Nansen)
Voluntary Exits: (Source: Glassnode)
Voluntary Exits: (Source: Glassnode)
ETH Total Stake Amount
Total ETH staked: (Source: Glassnode)

 

Post Ethereum cracks $2,000 as it first appears on CryptoSlate as Shanghai upgrade uncertainty settles.

Related Articles

Back to top button