When levees break, liquidity flows — Analyzing Ethereum Shapella and liquidity staking derivatives
Volumes from the top five Ethereum staking platforms suggest holders are hedging against the unknown until after ETH withdrawals are enabled.
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Volumes from the top five Ethereum staking platforms suggest holders are hedging against the unknown until after ETH withdrawals are enabled.
Ether funds have witnessed inflows worth only $600,000 in the week ending April 7 compared to Bitcoin’s $56 million.
The latest fork on the “roadmap” shores up the network’s new validation mechanism while finally allowing stakers access to their ETH rewards.
While it may cause downside pressure in the short run, the Shanghai upgrade will be extremely bullish for Ether's price in the mid-to-long term, according to Vivek Raman.
ETH price found news bullish momentum as traders gear up for next week’s major network upgrades.
ETH’s price is showing strength, but network and derivatives data suggest that ETH will struggle to hold the $1,850 price level.
Traders question whether the underperformance is due to the Shapella hard fork, while derivatives data indicates that ETH buyers lack conviction.
Ether’s 78% price recovery since July 2022 is at risk of exhaustion due to an unconvincing volume profile.
The Ethereum market has grown cautious around the long-awaited Shanghai upgrade, which will unlock 17.4 million ETH into circulation.
The upgrade is only for the Sepolia network and a subsequent upgrade for Goerli network would be introduced in March.