Ethereum, the second largest cryptocurrency, recorded its latest 2023 high of $1,921 on April 05.
The Shanghai Upgrade, scheduled for April 12, 2023, further implements the key Ethereum Improvement Proposal (EIP)-4895 and several others. The rise in the price of bitcoin since last night could also be another reason for the rise in ETH, as the price of the ETH/BTC pair increased by 1.76% to 0.6724 satoshis. Market capitalization reached $230.3 billion.
ETH price climbed above the 400-day simple moving average on the daily price chart and is attempting to propel the asset further up the ascending parallel channel to record another higher peak.
Compiled by Coinbold