Ethereum Price Prediction by Digital-Century Expert

The Shanghai and Capella renovations’ effective execution holds the key to the solution. After a two-year lockup duration, the Shanghai upgrade, dubbed “Shapella,” allowed Ethereum staking withdrawals. For Ethereum investors, this is an important step since it increases the liquidity available to people who have staked their Ethereum. Lucas Hamilton, a cryptocurrency specialist at Digital-Century, believes that this will increase institutional use of the platform, rekindle interest in Ethereum, and drive up the price of ETH.

Furthermore, in comparison with Bitcoin and other cryptocurrencies, Ethereum has been gaining market share, suggesting that more individuals are thinking about making investments in Ether. This is good news for Ethereum since it may eventually result in a price increase in the future. However, the cryptocurrency market’s future is always uncertain, and it’s essential to keep an eye on market trends and news.

Despite the positive outlook for Ethereum, there are concerns that an increase in ETH pricing may not be sustainable. The possibility of a rate hike by the Federal Reserve at its meeting on May 3 might have an effect on the broader crypto sector, including ETH pricing. It remains to be seen how this news will affect Ethereum’s price, but investors are riding high on the upward momentum for now.

ETH Price

Today’s live Ethereum price is $1,884.73 USD, down by -2.36% in 24 hours. Ethereum is ranked #2 at the moment, with a live market capitalization of $227,390,996,773. ETH has a total supply of 120,428,890 ETH coins, with a circulating supply of 120,428,890 ETH coins.

Ethereum Soars to $2,000 Mark Following Shanghai Upgrade for Enhanced Scalability and Liquidity

Ethereum’s price increased by more than 10%, breaking the $2,000 barrier for the first time in a span of eight months, which has delighted cryptocurrency investors all around the world. The upward rally was attributed to the successful implementation of the Shanghai upgrade; it attempts to increase the blockchain’s effectiveness and capacity for growth while lowering its energy usage.

This trend has made investors enthusiastic about the Ethereum platform’s long-term growth, especially in terms of delivering greater liquidity to users and stackers. It’s worth mentioning that the majority of its validators are withdrawing just their incentives rather than selling Ether, which is a good indicator of Ethereum’s future. The rise in Ethereum staking deposits might result in a price increase, increasing investors’ trust in the network.

Overall, the Shanghai upgrade is an important phase for Ethereum, and it’s exciting to see how it will benefit the second-largest cryptocurrency. Investors are eagerly watching for the next development in this space, and Ethereum’s continued growth is sure to keep them on their toes.

Fed Rate Hike Speculations Weigh on Cryptocurrencies as US Dollar Surges to One-Month High

Cryptocurrency investors worldwide are currently facing a double-edged sword as the US dollar gains strong traction, reaching a mark of one month. The broad-based dollar gain was spurred by Fed rate rise predictions, forcing many digital currencies, which include Bitcoin, to lose value.

Despite prior anticipation that the Fed will shortly cease raising interest rates owing to reduced inflation and sluggish growth in employment, recent Fed members’ statements have led the US dollar’s value to skyrocket, further hurting the cryptocurrency market.

As investors brace themselves for the potential implications of these developments, it’s worth noting that the future of cryptocurrencies remains uncertain. However, with the current market volatility, staying informed and making smart investment decisions is more important than ever.

The Rise of Bitcoin as a Safe-Haven Asset and Its Impact on the Cryptocurrency Market

The growing desire for safe-haven assets and worries about the failure of many US banks have both been major drivers of the global cryptocurrency market. Even while concerns of a broader financial disaster have diminished, more people are investing in BTC because they anticipate a US recession this year.

Similar to gold, BTC is viewed as an asset of refuge during difficult economic times. Investors use BTC as a means of portfolio diversification and wealth protection from possible downturns in the markets.

Due to the market’s high degree of correlation, Ethereum (ETH) typically moves in lockstep with Bitcoin (BTC) in terms of price. This implies that when BTC’s value significantly changes for the better or worse, it may also affect the price of other digital currencies like Ethereum.

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COMTEX_430481110/2748/2023-04-28T07:32:19

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