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- Arkham Intelligence reported that 127,400 ETH ($253 million) had been withdrawn, with most withdrawals coming from Lido, who withdrew 71,800 ETH.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.
Post Ethereum cracks $2,000 as it first appears on CryptoSlate as Shanghai upgrade uncertainty settles.