Ethereum (ETH), 2022’nin Mayıs ayından bu yana birinci kere 2 bin dolar düzeyine yükseldi.
Ethereum (ETH), 2022’nin Mayıs ayından bu yana birinci kez 2 bin dolar düzeyine yükseldi.
Geçtiğimiz günlerde 7 ayın doruğuna ulaşarak 1.925 dolar düzeyine yükselen Ethereum, Shapella güncellemesinin tesiri ile aylar sonra 2.000 dolar seviyesini gördü. Varlık, son periyotta yaşadığı yükselişlerle birlikte yılbaşından bugüne kadarki çıkarını yüzde 65’in üzerine çıkardı.
Shapella Güncellemesi, Fiyatı Olumlu Etkiledi
İki yıl süren kilitleme periyodundan sonra, Ethereum staking para çekme süreçleri, 12 Nisan 01:30 (TSİ) civarında Shapella güncellemesi ile etkinleştirildi.
Beaconchain.In datalarına nazaran güncellemenin akabinde 77 binden fazla ETH çekimi gerçekleşti. Datalara nazaran stake edilen ETH miktarı 18 milyonun altına inerken, doğrulayıcı sayısı da 562 bin 497’ye geriledi. Stake edilen toplam 17 milyon 500 ETH’den 744 bini ise çekim için sırada bekliyor. Önümüzdeki 12 saatte yaklaşık 95 bin ETH’nin de çekilmesi planlanıyor.
Gerçekleşecek güncelleme öncesi, kilitli Ethereum’ların hür bırakılacak olmasıyla birlikte yatırımcılar tarafında farklı teoriler oluşmuştu. Bunlardan biri de yükseltmeyle birlikte ağın üzerinde satış baskısının artmasıydı. Fakat korkulan olmadı ve güncellemenin tesiriyle Ethereum fiyatı son ayların yeni doruğuna ulaştı.
Bitcoin’in (BTC) 30 bin doları, Ethereum’un da (ETH) 2 bin doları aşmasından sonra, kripto paralarda boğa koşusu başladı.
Bitcoin’in (BTC) 30 bin doları, Ethereum’un da (ETH) 2 bin doları aşmasından sonra, kripto paralarda boğa koşusu başladı.
BTC’nin, ETH ile el ele verip yükseliş göstermesiyle birlikte, kripto paralar “parti havasına” girdi. 30.000 dolara 10 ay sonra ulaşan BTC, kendi yükselişinden sonra altcoin’leri de beraberinde getirmeye başladı. Altcoin’lerin öncüsü olan ETH, gün içersinde yaklaşık olarak 2.117 doları gördü. ETH’nin kısa vakit zarfı içersinde bu türlü bir yükselişe imza atması, altcoin’lerin önünü açarak hacimli yükselişleri de beraberinde getirdi. Güncel olarak “boğa” halinde ilerleyen kripto para piyasası, yatırımcılarının da yüzünü güldürmeyi başarmış gözüküyor.
Geçtiğimiz saatlerde Shapella güncellemesini gerçekleştiren altcoin’lerin en önemli ismi, yakaladığı coşkuyla birlikte sert yükselişlere imza attı. 2.120 dolar fiyatlarına gerçek yola çıkan ETH, altcoin pazarını sırtlayarak pek çok coin’de güçlü artışların önünü açtı. Bir müddettir sessizliğini koruyan altcoin’ler, aslında BTC’ninhakimiyetinden ötürü ezilmişti. Bu hakimiyetin giderek azalması ve ETH’nin, net dirençlerinden biri olan 2.000 doları aşması, kripto paralarda tamamiyle “parti havası” yarattı.
The rebalancing comes as ether rallies off a successful Shapella upgrade.
Decentralized reserve crypto project Olympus will increase holdings of “volatile assets” such as ether (ETH) in the treasury backing its OHM token after member approval Friday of a new Treasury Framework.
“We’re targeting 75% stablecoins and 25% directional exposure,” said an analyst on the Olympus treasury team who goes by the screen name Relwyn. That’s a change from the 79%-21% breakdown comprising Olympus’ $200 million treasury of stablecoins, volatile assets and protocol-owned liquidity.
The tweaking will give Olympus more exposure to ether, which at $8.4 million Friday was already the largest “volatile asset” in the reserve treasury backing OHM. Ether rallied hard this week after the much-anticipated Shapella upgrade failed to trigger the mass sell-off many traders had feared would come from a flood of newly unlocked ETH.
This shift is unlikely to be as “aggressive” on ETH that the framework’s authors said many community members called for. It will, however, result in a decrease in Olympus’ exposure to so-called stablecoins such as DAI that faltered during the March banking crisis.
“Treasury team recognizes the need for Olympus to decrease reliance on stablecoins with centralized backing,” the proposal read. “Increasing ETH exposure marginally is one step in that direction while not undermining the relative stability of OHM’s backing in the near term.”
Relwyn said the treasury operations team “agrees” with community members’ bullishness, but cautioned the protocol can’t just YOLO everything into ETH without incurring a hearty dose of risk. Number may go up right now, but “number can go down, too,” said Relwyn,
Another reason for the measured approach is operational, Relwyn said, noting Olympus’ mechanisms for rebalancing OHM’s backing could get wonky if the treasury’s ether holdings grow too large. Those mechanics currently price OHM in DAI, by far the treasury’s largest crypto holding at nearly $80 million.
“If it priced itself in ETH, it could have more heavy ETH backing,” Relwyn said. “Mixing the two can be dangerous” for how Olympus manages its so-called range-bound stability.
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The vote passed with nearly unanimous approval midday Friday. Seventy-six wallets that together held 23,000 OHM tokens participated in the vote.
Ether has risen more than 9% since the Ethereum Shanghai upgrade, which held center stage in crypto markets for much of the week. Bitcoin held fast above $30,000.
Major digital assets surged in an eventful week that included encouraging inflation veri and the much anticipated Ethereum Shanghai upgrade. Once-shaken confidence in crypto markets rose, along with valuations and trading volumes.
Bitcoin (BTC) and ether (ETH) have risen about 9% and 11%, respectively, over the past seven days, with much of the gains occurring over the latter few days.
In recent economic reports inflation was lower than expected and jobless claims were higher than expected. The Fed may have been hoping for such signs as reason to justify not raising interest rates again when the Federal Open Market Committee (FOMC) next meets in May.
Bond markets have begun to respond. The spread between two- and 10-year Treasury bonds, while still negative, has narrowed since early March.
Crypto markets’ biggest news was the completion of the Shanghai update, allowing ETH stakers to withdraw their ETH deposits. Ether has responded positively, increasing about 9% in price since the upgrade was completed.
Ether 04/14/23 (TradingView)
One of investors’ prevailing fears was that the potential unlocking of 18.2 million ETH would lead to selling pressure on the asset. However, markets have so far viewed the de- risking of ETH staking positively.
ETH’s price upswing has led to the asset chipping away at bitcoin dominance by market capitalization. Crypto market trading volume also rose, as ETH’s daily volume spiked to more than twice its 20-day moving average on Thursday. BTC volume breached its 20-day moving average each day this week, with the exception of Thursday
Both BTC and ETH breached the upper range of their Bollinger Bands this week, an indication of increased bullishness. The Bollinger Bands indicator is a technical tool that plots an asset’s moving average and two standard deviations above and below. A breach of Bollinger Bands in either direction is considered to be a significant event, in this case a bullish one.
Some altcoins had a push higher this week as well. ARB, the native token for Ethereum layer 2 system Arbitrum, led the way – up 28% over the past seven days. Solana (SOL) and Immutable X’s IMX also had strong weeks, rising 20% and 17%, respectively.
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BTC and ETH have risen about 9% and 12%, respectively, over the past seven days. While BTC has driven the market this year so far, the Shapella upgrade has boosted ETH trading, according to an analyst.
Bitcoin and ether’s prices rose handsomely in an eventful week of mildly encouraging inflation veri and Ethereum’s long-awaited Shapella upgrade.
Bitcoin (BTC) was recently trading at $30,450, up 0.4% from 24 hours ago and more than 9% for the week, according to CoinDesk veri. The largest cryptocurrency by market capitalization breached $31,000 earlier in the day before retreating during the U.S. intraday (ET).
Ether (ETH) gained 5.4% on Friday to recently trade at $2,105. It’s up over 12% for the week.
Bitcoin, Ether 7-Day Returns (CoinDesk Research)
“Ether and bitcoin have both seen upside follow-through after confirming base breakouts in late March, which are as positive intermediate-term developments on their charts,” Will Tamplin, senior analyst at technical research firm Fairlead Strategies, told CoinDesk in an email.
Tamplin noted that ETH and BTC’s next major resistance levels are roughly $2,400 and $35,900, respectively, targeted over the next several weeks.
Yet, he added that with both assets “beginning to look extended in the short term … we would not rule out a pullback in the coming days to digest recent gains,” with initial support near $1,670 for ETH and $25,200 for BTC.
Greg Magadini, director of derivatives at crypto analytics firm Amberdata, highlighted in an interview with CoinDesk that the relative expensiveness of ETH calls versus puts in ETH – also known as the risk reversal skew – currently sits positive to the call side for all expirations post-Shapella. Magadini said that this trend signals “bullish activity in the sense that people are willing to hisse more on the call side.”
Typically, a call buyer is bullish about the market, while the put buyer is bearish.
Magadini noted that while bitcoin has driven options volume, open interest and volatility this year, particularly as BTC surged in January and after last month’s banking crisis, “the Shapella upgrade is the first time that we’re getting some life back into the Ethereum market,” he said.
Prior to the upgrade, investors split on how the market would react to the event, with some expecting potential selling pressure to ETH and others believing no major impact on the market.
“On Ethereum, developers have proven that they can follow through on their vision,” Magadini said. “We’ve made a major milestone and so this brings back validity and credibility to Ethereum.”
Meanwhile, several other altcoins jumped Friday. Decentralized smart contracts platform Injective Protocol’s INJ surged more than 28% in the past 24 hours to trade at $8.64, while artificial intelligence-focused crypto protocol Fetch.ai’s FET rose by 13% to trade at 40 cents. Layer 2 network Optimism’s OP was up 7% to $2.62.
The CoinDesk Market Index, which measures the overall crypto market performance, was up 9% for the week.
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Equities wrapped up Friday lower as investors started to process the earnings season: The S&P 500 and the tech-heavy Nasdaq closed down 0.2% and 0.3%, respectively. The Dow Jones Industrial Average (DJIA) was down 0.4% for the day.
By its very nature, bitcoin is stable and isn’t exactly the talk of the town, Michael Safai said.
Bitcoin (BTC), the largest cryptocurrency by market capitalization, is steadfast and mundane, said Michael Safai, managing partner at financial services firm Dexterity Capital. But that’s a good thing.
“Bitcoin’s going to be the boring old grandpa right now in the room,” Safai told CoinDesk TV’s “First Mover” on Friday referring to why, during these uncertain economic times, bitcoin’s rally may be due to its simple, more familiar story.
Certainly a lot of the excitement in the crypto market is happening in ether, the second-largest cryptocurrency by market capitalization, he noted.
On Wednesday Ethereum underwent its Shanghai upgrade, also known as Shapella. The blockchain’s upgrade raised questions about whether there would be major sell-offs. Instead, ETH’s price inched above $2,000 two days after the long anticipated upgrade, beating out bitcoin in options trading, for the first time this year.
While the upgrade allows users to withdraw the ETH they’ve staked (as well as reducing fees and opening space on the blockchain for more transactions), Safai pointed out that “a lot of things are happening” with ether, including allegations from U.S. government officials who say it is a security and should be regulated as such.
Bitcoin, on the other hand, is sidestepping the “chaos of all the investigations,” he said. For now, at least, it appears the U.S. Securities and Exchange Commission is comfortable with treating bitcoin as a commodity, unlike its view of ether.
With Ethereum’s upgrade, the “rules of the game have just changed,” Safai said. It may also be the reason there is excitement in the markets from users.
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“We’re seeing more activity on the options side and I expect that to continue,” he said.
