After the upgrade of Ethereum Shanghai, ETH prices continued to rise, even exceeding the level of $2000. The fresh liquidity in the market has caused a significant increase in trading volume, but experts believe that some corrections are needed before ETH prices begin to rise again
After the upgrade of Ethereum Shanghai, ETH prices continued to rise, even exceeding the level of $2000. The fresh liquidity in the market has caused a significant increase in trading volume, but experts believe that some corrections are needed before ETH prices begin to rise again.
In addition, the continuous withdrawal of ETH by miners and mining pools will exert additional sales pressure on Ethereum prices. The price of ETH is trading between $2000 and $2150 this week.
The wallet address, co founded with the co-founder of F2Pool, Satofishi. eth, has withdrawn a large number of ETHs in the past two days after the upgrade in Shanghai (Shapella). So far, 15886.72 ETH, valued at over $33 million, has been withdrawn in 3500 withdrawals.
According to Ethereum scanning data, he transferred 1420 ETHs worth over $3 million to Binance today. With the upgrade of Shanghai, the flow of ETH to password exchange is also increasing.
Whales are also dumping Etalum (ETH) into password exchange. Today, a whale named "0x2E5f" chose to withdraw all of its funds, totaling 25855 ETHs, and transferred 22000 converted ETHs to Binance Company for $13.26 million. We noticed this. Whale alert data also reported that 17284 ETHs were transferred from unknown wallets to Coinbase.
ETH prices have continued to trade sideways since last Friday, with a current trading price of $2102. The lowest and highest prices for 24 hours are 2057 yuan and 2104 yuan, respectively. In addition, trading volume has remained basically unchanged after rising in the past few days.
Ethereum spot and derivative trading data indicate limited price trends in the coming days. If the trading volume is low this month and ETH withdrawals increase, it is possible to exceed $2000.
TokenUnlocks revealed that since the upgrade of Shapella, 1.06 million ETH has been withdrawn from over 592k withdrawals. There are nearly 1 million ETH withdrawals in a queue, and it is expected that there will be 16k ETH withdrawals in the next 12 hours.
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