ETH’s post-Shapella price outlook: sells outpace buys ahead of Binance withdrawals
Ethereum Ang post-Shapella price outlook ng ETH: nagbebenta ng outpace buys bago ang pag-withdraw ng Binance 3 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Ethereum (ETH) price raced to an 11-month high above $2,142 on Coinbase exchange on Sunday, the major price rally for ETH coming after the cryptocurrencys successful Shapella upgrade. But what is the latest for Ethereum after it rose despite the sell pressure that followed enabling withdrawals for staked Ether? Kaiko, a leading institutional grade crypto market data provider, has shared insights into what could be next for Ether prices this week. Binance to enable staked ETH withdrawals According to Kaiko, Ethereums post-Shapella performance has been in contrast with price movement following the last major upgrade – the Merge. Like the Merge, Shapella went live successfully and saw the enabling of staked ETH withdrawals for the first time since December 2020. The withdrawal of 1 million staked ETH was expected to push Ether prices down, but instead the market rallied to highs above $2,100 for the first time in nearly a year. Kaiko analysts commented in Mondays data debrief: “While Ethereums Merge upgrade last September was more of a ”buy the rumor sell the news“ type of event, Shapella appears to have had the opposite impact