Ethereum's Shanghai Hard Fork Boosts ETH Price Against Bitcoin in April.

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Source: Cointelegraph
Ethereum's Shanghai Hard Fork Boosts ETH Price Against Bitcoin in April.
Photo: Cointelegraph
TL;DR Summary

Ethereum's price has been gaining momentum in April, even against Bitcoin, as the much-anticipated Shanghai hard fork is just days away. The upgrade is set for April 12, enabling Ethereum stakers to withdraw around 1.1 billion ETH in rewards. Many experts see the hard fork as bullish for Ether in the long term. As a result, the ETH/BTC pair has risen by about 4.75% month-to-date to reach 0.066 BTC as of April 8, a nearly 8% rebound since March 20. Ether could sustain its yearly gains in April, consolidating inside the $1,800-2,000 range until the Fed decision.

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