{"id":19807,"date":"2023-04-13T13:34:36","date_gmt":"2023-04-13T13:34:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/eth-hits-2000-following-shapella-upgrade-market-updates-bitcoin-news\/"},"modified":"2023-04-13T13:34:36","modified_gmt":"2023-04-13T13:34:36","slug":"eth-hits-2000-following-shapella-upgrade-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/eth-hits-2000-following-shapella-upgrade-market-updates-bitcoin-news\/","title":{"rendered":"ETH Hits $2,000 Following Shapella Upgrade \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Ethereum moved above $2,000 on Thursday, as markets continue to react to the successful Shanghai update. The upgrade, which is also known as \u201cShapella,\u201d took place late last night, enabling withdrawals on the blockchain. Bitcoin remained above $28,000.<\/strong><\/p>\n

Bitcoin<\/h2>\n

Bitcoin (BTC<\/a>) continued to trade above the $30,000 mark on Thursday, as crypto markets remained buoyed by the latest U.S. inflation report, which fell to 5%.<\/p>\n

Following a $29,725.57 low on Wednesday, BTC<\/a>\/USD rose to an intraday peak of $30,462.48 earlier in the day.<\/p>\n

This move sees bitcoin remain near a ten-month high of $30,584, which it hit during Tuesday\u2019s trading session.<\/p>\n

\"Bitcoin,
BTC<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, today\u2019s slight rise in price comes as the 14-day relative strength index (RSI) bounced from its floor at 68.00<\/p>\n

At the time of writing, the index is now tracking at 69.73, with the next visible point of resistance at 71.50.<\/p>\n

Should the index move beyond this point, there is a good chance that ethereum will move past $30,500.<\/p>\n

Ethereum<\/h2>\n

Boosted by the Shanghai update, ethereum (ETH<\/a>) outperformed BTC<\/a> in today\u2019s session, climbing by around 7% in the process.<\/p>\n

ETH<\/a>\/USD surged to a peak of $2,007.05 earlier in today\u2019s session, less than a day after trading at $1,882.37.<\/p>\n

As a result of today\u2019s surge in price, the world\u2019s second largest cryptocurrency hit its highest level since last August.<\/p>\n

\"Bitcoin,
ETH<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

This eight-month high came as price strength rose beyond a ceiling at 65.00. It is now at a reading of 69.44.<\/p>\n

A resistance level of 75.00 appears to be the next hurdle for bulls, and should momentum continue in an upward direction, ETH<\/a> could move above $2,100 this week.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

Do you expect ethereum to remain higher this week? Leave your thoughts in the comments below.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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