Can Ethereum crack $2K? ETH price inches closer despite new unlocked supply By Cointelegraph

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© Reuters.

The price of Ethereum’s Ether (ETH) token edged toward $2,000 a day after the launch of the network’s long-anticipated Shapella upgrade.

On April 13, Ether’s price gained roughly 4% to reach an intraday high of $1,996 on Coinbase (NASDAQ:), ignoring the potential sell-off pressure the Shapella upgrade could potentially bring to the market.

daily price chart. Source: TradingView
ETH deposits vs. withdrawals. Source: Nansen
ETH/USD daily price chart. Source: TradingView