The price of Ethereum (ETH) has surged by 10.3% in the past 24 hours, reaching $2,114. The gains come in the wake of a successful upgrade known as the Shanghai/Shapella hard fork, which was implemented on April 15. The upgrade is designed to improve the efficiency and security of the Ethereum network, and the smooth processing of ETH withdrawals suggests that it has been largely successful.
Read CRYPTONEWSLAND onThe net deposit of ETH over the past 24 hours stands at -86,947 ETH, indicating that more ETH has been sent to the beacon deposit contract than has been withdrawn, including rewards. This suggests that there is strong demand for staking ETH on the Ethereum 2.0 network, which requires a minimum deposit of 32 ETH.
The positive momentum in the Ethereum market comes as the broader cryptocurrency industry continues to see significant growth and adoption. While Bitcoin remains the dominant cryptocurrency in terms of market capitalization, Ethereum has emerged as a popular choice for developers and investors alike, due to its smart contract capabilities and strong community.
As the cryptocurrency market continues to mature, it is likely that Ethereum and other digital assets will continue to see strong demand and adoption. However, investors should be aware of the risks involved in this volatile market, and should consider diversifying their portfolios to manage these risks.
House Democrats allowed free vote on #cryptobills #FIT21 and #CBDC Anti-Surveillance despite leadership's opposition. #CryptoLegislation…
🚀 Speeding Ahead: Discover the Top 5 Fastest Blockchains revolutionizing transactions! Solana leads with a…
BEFE is bigger than just being an astute financial investment. It is widely acknowledged as…
#SEC opposes Ripple's sealing motion on #XRP sales. Court's pending decisions on financial disclosures and…
#Floki makes a #bullish announcement amidst a bullish #Bitcoin and #Ether rally. The project is…
#BitcoinETFs draw record $235M in a day, with inflows 7x daily mined #BTC as prices…