Up 25% in 7 Days, This Crypto's Next Move Deserves Your Attention

Among other cryptocurrencies, the price of Ethereum (ETH) in 2023 has continued to demonstrate impressive strength in the broader crypto market. In spite of the fact that some market participants may still be skeptical, there is a chance that ETH may surge significantly based on the technical factors currently favoring the second-largest cryptocurrency by market The post Up 25% in 7 Days, This Crypto's Next Move Deserves Your Attention appeared first on CoinGape.

Timeline of Ethereum

Ether reached a local high while shiba inu continues its momentum from Sunday, the memecoin jumped 15% in the past day. The post Shiba inu jumps 15% as ether trades around $1,600 following PPI release appeared first on The Block.

Ethereum Shanghai upgrade will allow validators to withdraw for the first time since people began staking in  september 2022 after the merge. However, ethereum stakers won't be able to withdraw right away.

According to data provided by Glassnode, the total value of the Ethereum 2.0 deposit contract reached new all-time highs (ATH) while the number of wallets in loss has dropped to a one-month low level.

Ethereum price analysis reveals ETH price action has been bullish in the last 4 hours, surging from around $1,553 to over the $1,592 mark. The recent surge was triggered by a sudden influx of buying pressure which has supported the bulls in this crypto-assets market.

The number of Ethereum addresses holding a non-zero balance hit a new record high on Monday of 92.5 million. 2022's bear market, which culminated in the collapse of one of the world's former largest cryptocurrency exchanges in November, does not appear to have impacted growth in the number of non-zero balance addresses.

The Ethereum merge upgrade was once the most anticipated news in the crypto space, but now that it is in the past, the next anticipated update is the Shanghai network upgrade. As the scheduled Shanghai network upgrade, which is expected to be launched in March, draws near, the number of validators has been seen increasing.

Total addresses are the total number of unique addresses that ever appeared in a transaction of the native coin in the network. The post Litecoin has over 170.5 million total addresses now in use surpassing Ethereum appeared first on CryptoSlate.

Assets under management increased 13% thanks to higher crypto prices. The post Coinshares sees first inflow of ETH after two months; AUM up most since 2021 appeared first on The Block.

Ethereum's price has printed a substantial increase and finally surpassed the channel's upper boundary. In spite of this, the cryptocurrency is approaching a critical resistance zone, and if a breakout occurs, an impulsive uptrend would become more likely.

With the “Merge”, the Ethereum blockchain successfully mastered the biggest upgrade in its history on September 15 last year. Even before the switch to Proof of Stake (PoS), investors were able to stake ETH to receive rewards.