Is Ethereum [ETH] setting up a big show ahead of Shanghai upgrade?

A whale accumulated 28,672 ETH, worth $48.5 million from Binance and Coinbase over the past two months. Supply on exchanges decreased and metrics looked bullish. Ethereum’s [ETH] much-awaited Shanghai upgrade is around the corner, and investors are excited. The upgrade will finally allow investors to withdraw their staked Ethereum. Amidst the excitement, a Twitter handle […]

All the updates, when combined, suggested a possible price uptick in the coming days after ETH’s dormant price action in the last 24 hours., ETH was trading at $1,701.26 with a market capitalization of more than $208 billion, at press time.

The taker buy-sell ratio was positive, which indicated that buying sentiment was dominant in the derivatives market.’s Binance funding rate was up. Thus, reflecting its demand in the derivatives market.Source: SantimentSubscribe to get it daily in your inbox.

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