The upcoming Shanghai Upgrade is expected to happen on April 12th and has been generating enormous interest in the ETH community. Moreover, the growing scrutiny may potentially have adverse effects on ETH’s future.
Investors have also started to look favorably upon ETH. Ethereum has witnessed significant amount of growth of 2.6% over the past week. A decline in implied volatility for Ethereum indicates that the market perceives there to be less risk and uncertainty in the price of Ethereum.
Although ETH is witnessing massive interest at the time of press, the same could not be said about the network itself. Network's activity has fallen significantly, which was indicated by the declining gas usage on the blockchain network. However, at the time of writing this article, ETH is trading around $1,850 and has gained over 1.2% in the last 24 hours, while its market capitalization stands at $223 Billion.
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