Ethereum price turns bullish ahead of next week’s Shanghai and Capella upgrade
Ethereum price found news bullish momentum as traders gear up for next week’s major network upgrade. With one week to go until the Ethereum (ETH) Shanghai and Capella upgrades on April 12, all eyes are on Ether. The second largest cryptocurrency by market capitalization shrugged off rumors and regulatory action against exchanges to hit a 7-month high of $1,922 on April 5. Ether price has momentum and here are three strong reasons why. Multiple positive price achievements According to data from Cointelegraph Markets Pro and TradingView, despite market volatility, Ether price has posted gains on the 7-day, 1-month and 3-month timeframes. Ether price gains are also notable on the year-to-date perspective, showing 59% growth. Ether vs USD price chart. Source: Cointelegraph Markets Pro Ether’s ability to break resistance levels is leading some analysts to believe a $3,000 price target is on the horizon in Q2 2023. The trend shows that whale accumulation remains strong, growing by 0.5% in...