Ethereum traders take a wait-and-see approach due to concerns that ETH price will sell-off after the Shapella hardfork.
in spot and futures trading volumes, while options market data shows traders are actively adding short-term hedging positions.Ethereum market share in USD trading volume compared to Bitcoin declined to March 2021 lows near 30%, per Kaiko data, showing that Ether has"struggled to maintain pace" with Bitcoin spot volumes. During Ethereum's last big upgrade, The Merge, its market share relative to Bitcoin reached a high of 53%.
“All ETH expiries have moved closely with one another while the longer BTC expiries have remained stable, again indicating that there is more uncertainty—particularly in the long term—in the ETH derivatives markets.”Shapella could bring institutional investors to Ethereum despite risks Ethereum’s falling market share compared to Bitcoin and muted trading interest relative to the Merge highlights the uncertainty in the market due to potential selling pressure after Shapella.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Slips Under $30K, Ether Staking Tokens Take a Beating Ahead of Shapella UpgradeCrypto traders likely took profits ahead of two key developers scheduled for Wednesday: The U.S. Consumer Price Index (CPI) for March, and the much-awaited Shapella upgrade for ethereum. By shauryamalwa.
Read more »
Ethereum liquid staking governance tokens fall ahead of Shapella upgradeGovernance tokens for liquid staking protocols on Ethereum have fallen in price over the last few days.
Read more »
Pre-Shapella Ethereum is burning ETH at a rate of $5.5 billion per yearGoing into Ethereum's high-profile 'Shapella' upgrade, the smart-contract protocol is burning ether at a rate of $5.5 billion per year.
Read more »
Shapella could bring institutional investors to Ethereum despite risksDecentralized blockchains may be the world’s best hope for monopoly-resistant global digital marketplaces.
Read more »
Everything you need to know about the Ethereum Shapella upgradeThe Ethereum network's Shapella upgrade will allow users and validators to withdraw staked ether for the first time.
Read more »
Ethereum rewards worth over $2 billion will be liquid five days after ShapellaNearly 1.1 million ether — worth $2 billion — in accumulated rewards will be available for withdrawal after Shapella, according to on-chain estimates.
Read more »