How Ethereum Price Could Race to $3K Bolstered by Accelerated Staking Post-Shapella Upgrade
As the price wobbles at $1,865 and traders usher in the European session, Ethereum price is facing two conflicting scenarios. advertisement Reclaiming resistance above $1,900 could clear the path to $2,000. On the flip side, losing support at the 100-day Exponential Moving Average (EMA), which is grounded at $1,800, might leave ETH vulnerable to declines targeting lower likes such as $1,730 and $1,600. Ethereum Staking Accelerates Post-Shapella Upgrade According to blockchain research platform Messari, Ethereum staking has been improving since the Shapella upgrade, which occurred in April. Before this network update that allowed investors to freely stake and unstake Ether, “staking growth was slow and perceived as riskier.” However, market conditions changed and improved drastically following the implementation of the Shapella upgrade. Users now have the freedom to “comfortably stake and unstake ETH,” thus accelerating the rate of stakin...