Ether price struggles to maintain support as regulatory challenges and network issues weigh
Ether options volume hints at bearish sentiment as the $1,850 support falters.
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Ether options volume hints at bearish sentiment as the $1,850 support falters.
Binance said retiring old deposit addresses on multiple blockchains is part of its infrastructure upgrade, with the new addresses offering better security and efficiency.
ETH price rallied as deposits briefly surged after the Shapella, but on-chain data suggests that 1.4 million ETH will be withdrawn in the short-term.
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.