Tag: Ether

Bitcoin-friendly PPI data boosts bulls as Ether price fights for $2K

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Bitcoin (BTC) preserved $30,000 support at the April 12 Wall Street open as more United States macroeconomic data boosted bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView PPI hints further inflation drops to come Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $30,250 on Bitstamp. Amid a slowdown in volatility, U.S. Producer Price Inflation (PPI) data provided a timely hint that inflation was slowing faster than expected. Headline PPI came in at 2.7% year-on-year versus market expectations of 3% — an encouraging result for risk assets. US…

Ether price cracks $2K amid staking withdrawals enabled post-Shapella upgrade

Despite some fears of a new supply of Ether (ETH) hitting the markets after the much anticipated Shapella update, ETH surpassed the $2,000 price point almost a day after the upgrade.  Data from Cointelegraph Markets Pro shows that the token entered the $2,000 level on April 13, the highest level reached since August. The surge comes after the successful Shapella upgrade implemented at 10:27 pm UTC on April 12. Ether hitting the $2,000 mark. Source: Cointelegraph Price Index The upgrade allows staked ETH withdrawals for users who previously had no…

Ether Nears $2K After Shanghai Upgrade, Outshines Bitcoin

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Binance To Support Ether Staking Withdrawals From April 19

Binance said that user requests for withdrawals, once submitted, cannot be canceled and the process may be slow initially, requiring 15 days to several weeks for completion. Users will receive redeemed ether in their spot wallets and pending BETH tokens locked in pending ETH withdrawal requests won’t be eligible for staking rewards. BETH is a wrapped token issued by Binance which is 1:1 pegged to ETH on the Ethereum blockchain. Source

Crypto Analysts Split on Ether Market Trends After Ethereum’s Shanghai Upgrade

“We expect 553,650 ETH will be sold. Amortized over 7 days, this amounts to approximately 1% of daily ETH volume (including spot and perpetual futures volume) of selling per day for a week,” analysts at Galaxy Digital said in a note published early this month. “Depending on the risk environment broadly and overall liquidity in Ether during the Shanghai upgrade, expected on Wednesday, April 12, we view this amount as ranging from inconsequential to slightly bearish ETH/USD.” Source