As traders prepare for next week’s massive network improvements, the price of Ethereum has found new strong impetus.
With one week until the April 12 Ethereum Shanghai and Capella upgrades, all eyes are on Ether.
ETH – On April 5, the second-largest cryptocurrency by market capitalisation defied speculations and regulatory action against exchanges to reach a seven-month high of $1,922.
The total value locked in the Ethereum network is also increasing, thanks in part to Lido’s protocol accounting for 22.4% of the TVL on the Ethereum network. Despite the fact that the TVL began to fall on March 10 due to regulatory and macroeconomic challenges, the decentralised finance market appears to be recovering.
