{"id":526891,"date":"2023-04-14T16:00:35","date_gmt":"2023-04-14T16:00:35","guid":{"rendered":"https:\/\/wncen.com\/?p=526891"},"modified":"2023-04-14T12:54:52","modified_gmt":"2023-04-14T12:54:52","slug":"ethereum-soars-to-11-month-high-amid-massive-staking-withdrawals","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-soars-to-11-month-high-amid-massive-staking-withdrawals\/","title":{"rendered":"Ethereum Soars To 11-Month High Amid Massive Staking Withdrawals"},"content":{"rendered":"
The price of Ethereum has surged to an 11-month high despite the withdrawal of nearly 240,000 ETH. <\/span>The withdrawals did not have any negative impact on the Ethereum price trend as the crypto asset is on a surge spree.<\/span><\/p>\n
As of the time of writing, ETH has recorded a price growth above 6% in the past 24 hours, beyond BTC’s 1.77% gain. There is seemingly an improvement in market sentiment around the asset today, causing ETH’s value to skyrocket.\u00a0<\/span><\/p>\n
This is also evident in the token\u2019s trading volume in the past 24 hours. If this trend continues, the price could surge beyond the $2,500 mark soon.<\/span><\/p>\n
Ethereum Price Trend And Withdrawals<\/b><\/h2>\n
As of today, the price of Ethereum has surged over $2,000, its highest level over the past 11 months. This is a substantial increase from its recent price of<\/span>\u00a0$1,900<\/span> as of yesterday. In the meantime, the Ethereum market sentiments are bullish, particularly after its price surge.\u00a0 <\/span>This could be due to the <\/span>Shapella upgrade<\/span><\/a> that took place this week. <\/span><\/p>\n