In today’s briefing:
- ETH’s Big Post-Shapella Rally
ETH’s Big Post-Shapella Rally
- Last week, the Shapella upgrade went live without a hitch, enabling millions of staked ETH to be withdrawn.
- While Ethereum’s Merge upgrade last September was more of a “buy the rumor sell the news” type of event, Shapella appears to have had the opposite impact on price.
- ETH spot prices dropped by nearly 18% post-Merge while they are up 11% since Shapella, despite fears of mass selling.
💡 Before it’s here, it’s on Smartkarma
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