Why is Ethereum (ETH) price up today? By Cointelegraph
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(ETH) is witnessing a price breakout on the back of the successful Shanghai and Capella (Shapella) upgrades. The increased bullish sentiment after the upgrade led Ether price to hit a year-to-date high of $2,123 on April 14.
The Ethereum decentralized finance (DeFi) ecosystem received more daily fees, growing 30% in 24-hours on April 14 in tandem with Ether’s price growth. With the increase in Ether fees, the Ethereum proof of stake (PoS) token economics have turned deflationary and revenue is up 32% in the past 24-hours.
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© Reuters.
(ETH) is witnessing a price breakout on the back of the successful Shanghai and Capella (Shapella) upgrades. The increased bullish sentiment after the upgrade led Ether price to hit a year-to-date high of $2,123 on April 14.
The Ethereum decentralized finance (DeFi) ecosystem received more daily fees, growing 30% in 24-hours on April 14 in tandem with Ether’s price growth. With the increase in Ether fees, the Ethereum proof of stake (PoS) token economics have turned deflationary and revenue is up 32% in the past 24-hours.
Continue Reading on Coin Telegraph
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