Ethereum (ETH) increased in value by more than 10.49% in the last 24 hours.
Bitcoin (BTC) maintained above the $30k level.
Bitcoin and Ethereum are making an effort to break through significant price barriers. A day after the Ethereum Shanghai update, the ETH price spiked. Ethereum (ETH) just increased in value by more than 10.49% in the last 24 hours, trading at over $2,116.04.
ETH price chart (source CoinMarketCap)
The second-largest cryptocurrency in the world surged to its highest point since last August as a result of today’s price increase. Shapella, formerly referred to as the Ethereum Shanghai upgrade, is the final phase in the Ethereum network’s switchover from a proof-of-work (PoW) system to a more energy-efficient proof-of-stake (PoS) protocol. Reportedly a price swing was predicted by some cryptocurrency market analysts, but the minimal movement was predicted by others.
Also, Bitcoin sustained its more gradual ascent. On Friday, the price of Bitcoin (BTC) maintained above the $30,000 level. BTC soared to an intraday high of $30,746.42 earlier today, breaking its week-opening low of $28,189.27. The relative strength index (RSI) was recorded at 71.98 during the analysis. This indicates that BTC is overbought. Additionally, this demonstrates that BTC puts out a sell signal.
BTC price chart (source CoinMarketCap)
The current price of BTC is $30,746.42 with a 24-hour trading volume of $20,228,993,903. In the past 24 hours, BTC has increased by 2.16% as per CoinMarketcap.