USDC, SVB saga fuels massive profits for Ethereum [ETH] as Shanghai looms
Ethereum USDC, SVB saga fuels massive profits for Ethereum [ETH] as Shanghai looms 2 minuto ang nakalipas Balita ng Ethereum ng Bitcoin The aftermath of the collapse of SVB and Signature bank has been felt by the stablecoin market and various holders alike. However, Ethereum [ETH] managed to benefit from the chaos that ensued following these events. Basahin ang Hula ng Presyo ng Ethereum 2023-2024 Ayon sa datos na ibinigay ng Terminal ng Token, Ethereum managed to earn a profit of $10 million over the last few days. Ethereum managed to achieve this feat despite the decline in daily active users on the network. This, due to the fact that the volume of trading activities and swaps appreciated during this period. Thanks to the high activity on the Ethereum network, the overall gas being used on the network rose as well. The uptick in activity on the network was also accompanied by a surge in ETHs prices. A short squeeze This surge in price impacted traders who were holding short positions against ETH. Sa katunayan, ayon sa glassnode, the short liquidations for Ethereum on Binance hit a 2-year-high of $15.09 million. At the time of writing, a significant majority of traders held positive sentiments. This was evidenced by the growing number