{"id":77147,"date":"2023-04-13T13:47:54","date_gmt":"2023-04-13T10:47:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77147"},"modified":"2025-09-10T21:40:29","modified_gmt":"2025-09-10T18:40:29","slug":"ethereum-tests-the-2000-level-after-shapella-hard-fork-activation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-tests-the-2000-level-after-shapella-hard-fork-activation\/","title":{"rendered":"Ethereum tests the $2,000 level after Shapella hard fork activation"},"content":{"rendered":"

On April 13, the price of Ethereum reached $1,994 after the successful activation of the Shapella upgrade<\/a>. The last time the second-largest cryptocurrency by market capitalization reached such levels was in August 2022.<\/p>\n

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4-hour BTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n

According to CoinGecko<\/a>, Ethereum rose by 6% over the last 24 hours \u2014 the strongest pace among the top-10 cryptocurrencies by market capitalization, with Dogecoin (+7.8%) ahead.<\/p>\n

\"image-186\"
15-minute ETH\/USDT chart on Binance. Data: TradingView<\/a>.
<\/figcaption><\/figure>\n

The hard fork occurred at epoch #194 048<\/a>. Developers noted that the network saw a ‘pair of missed blocks’, but overall the upgrade proceeded successfully and the blockchain appears stable.<\/p>\n

Shapella activated EIP-4895<\/a> \u2014 enabling withdrawals from staking.<\/p>\n

The queue to withdraw ETH from the deposit contract reached 822,400 ETH ($1.63 billion), according to Token Unlocks<\/a>. In the next 11 hours, 85,610 ETH ($169.76 million) are expected to be released. Daily pace stands at 186,785 ETH ($370.4 million).<\/p>\n

According to Dune Analytics<\/a>, the net outflow of coins from the deposit contract at the time of writing reached 173,000 ETH ($343 million).<\/p>\n

Earlier, Glassnode estimated potential sales after Shapella in 170,000 ETH ($323 million)<\/a> in the next seven days after activation. This figure represents less than 1% of the 18 million ETH 18 million ETH<\/a> ($33.92 billion, 15% of the circulating supply).<\/p>\n

Analysts at JPMorgan Chase and Fidelity Investments differed in their assessments<\/a> of Shapella’s potential impact on Ethereum’s price.<\/p>\n","protected":false},"excerpt":{"rendered":"

On April 13, Ethereum price reached the $1,994 mark after the successful activation of the Shapella upgrade. The last time the second-largest cryptocurrency by market capitalization reached such levels was in August 2022.<\/p>\n","protected":false},"author":1,"featured_media":77148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,268,1134],"class_list":["post-77147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-hardfork","tag-technical-updates"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=77147"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77147\/revisions"}],"predecessor-version":[{"id":77149,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77147\/revisions\/77149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77148"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}