{"id":77183,"date":"2023-04-13T20:25:08","date_gmt":"2023-04-13T17:25:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77183"},"modified":"2025-09-10T21:51:11","modified_gmt":"2025-09-10T18:51:11","slug":"ethereum-crosses-above-2000-for-the-first-time-since-august-2022","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-crosses-above-2000-for-the-first-time-since-august-2022\/","title":{"rendered":"Ethereum crosses above $2,000 for the first time since August 2022"},"content":{"rendered":"<p>The second-largest cryptocurrency by market cap reached a local high near $2016, despite a sizable amount of ETH in the queue for withdrawal from the deposit contract.<\/p>\n<p><!--more--><\/p>\n<p>On the daily chart, Ethereum is trading at levels previously seen in August 2022:<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"622\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDTdaily-1024x622.png\" alt=\"ETHUSDTdaily\" class=\"wp-image-204281\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDTdaily-1024x622.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDTdaily-300x182.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDTdaily-768x466.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDTdaily.png 1046w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Daily ETH\/USDT chart on the Binance exchange. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/NwnTupdg\/?symbol=ETHUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>After a successful <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-activates-shapella-hard-fork-on-mainnet\">activation of Shapella<\/a>, the queue to withdraw ETH from the deposit contract reached 906,720 ETH ($1.82 billion), according to <a href=\"https:\/\/token.unlocks.app\/ethereum-shanghai\">Token Unlocks<\/a>. Almost 18,000 validators are awaiting the release of funds from staking, according to <a href=\"https:\/\/app.parsec.finance\/layout\/geeogi\/yuriz8db\">Parsec Finance<\/a>.<\/p>\n<p>As of writing, the deposit contract holds <a href=\"https:\/\/beaconcha.in\/\">17,983,484 ETH<\/a> worth about $35.97 billion \u2014 about 15% of the circulating supply.<\/p>\n<p>Analyst Micha\u00ebl van de Poppe saw a bullish factor for many other coins in Ethereum&#8217;s upgrade.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The Shanghai upgrade is, possibly, a bullish outcome for the markets and <a href=\"https:\/\/twitter.com\/hashtag\/altcoins?src=hash&#038;ref_src=twsrc%5Etfw\">#altcoins<\/a>.<\/p>\n<p>Altcoins tend to wait for <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> before they want to start moving upwards, they need confidence (including the investors).<\/p>\n<p>Instead of a bearish outcome, the event is a bullish outcome.<\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1646539992959705088?ref_src=twsrc%5Etfw\">April 13, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Altcoins tend to wait for ETH before they start moving higher. They need confidence, as do investors. A bullish scenario instead of a bearish one,&#8221; the expert said.<\/p>\n<\/blockquote>\n<p>Ethereum&#8217;s price growth pace was near the top among the top-10 by market cap crypto assets (second only to Dogecoin). Over the last 24 hours, the asset rose 4.8%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-22.webp\" alt=\"CoinGecko\" class=\"wp-image-204285\"\/><figcaption>Data: <a href=\"https:\/\/www.coingecko.com\/en\/all-cryptocurrencies\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Ethereum&#8217;s market capitalization reached $241 billion. By comparison, BTC&#8217;s is $588 billion.<\/p>\n<p>Earlier, the Binance <a href=\"https:\/\/u1f987.com\/en\/news\/binance-to-enable-ethereum-staking-withdrawals-on-april-19\">announced<\/a> that it will open withdrawals of Ethereum from staking starting April 19.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The second-largest cryptocurrency by market cap reached a local high near $2016.<\/p>\n","protected":false},"author":1,"featured_media":77184,"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],"class_list":["post-77183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77183","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=77183"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77183\/revisions"}],"predecessor-version":[{"id":77185,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77183\/revisions\/77185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77184"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}