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Shapella Hard Fork

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Ethereum's April Outlook: Price, Upgrades, and Dormant Investors.

Originally Published 2 years ago — by Cointelegraph

Featured image for Ethereum's April Outlook: Price, Upgrades, and Dormant Investors.
Source: Cointelegraph

The price of Ethereum's Ether token has been making lower highs against Bitcoin in April, with the ETH/BTC pair down about 5.5% from its local high of 0.0709 BTC. However, institutional investors accumulated Ether and sold off Bitcoin last week, suggesting confidence in Ethereum after the Shapella hard fork. Ethereum funds attracted $17 million to their coffers in the week ending April 21 versus Bitcoin's $53.1 million outflow, according to CoinShares' latest report.

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Ethereum's Shapella Upgrade and Beacon Chain Unrealized Losses: What Investors Need to Know.

Originally Published 2 years ago — by CoinDesk

Featured image for Ethereum's Shapella Upgrade and Beacon Chain Unrealized Losses: What Investors Need to Know.
Source: CoinDesk

QCP Capital predicts a deeper decline in the ETH/BTC ratio after the Shapella hard fork, citing sustained spot selling pressure in thin markets. The ratio has already declined 13.7% this year amid fears of investors liquidating coins after the upgrade. QCP Capital suggests that those at the front of the queue for withdrawals are likely to sell spot, while those further back will hedge via perps/futures. Troubled entities like Celsius might sell their staked ether balance to recover at least a portion of creditors' funds.

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