The Ethereum network is due to receive an upgrade that may have implications on the short-term price of Ether (ETH). Some market participants have warned that investors may sell their ETH tokens after the upgrade, which potentially could cause a price drop. Technical indicators for ETH remain positive, with its 21-Day, 50-Day, and 200-Day Moving Averages all pointing upwards. Despite news of a malicious Ethereum validator, the impact to Ether's price has been insignificant. This can be attributed to expectations that the US Federal Reserve will cut interest rates this year, and continued optimism from investors. If ETH does experience a price drop post-upgrade, savvy investors may take advantage of any potential dip back to the $1700 area. In addition, investing in presale tokens for start-up crypto projects offers investors an excellent risk/reward opportunity, although there is a chance that the project fails and the presale tokens are worth nothing.
Yana Long
- 2023-04-04
Understanding The Impact of Ethereum's Upgrade on Ether Price
The Ethereum network is due to receive an upgrade that may potentially affect Ether's price in the short-term. Technical indicators remain positive and investors remain optimistic. Find out more about the implications of this upgrade and how intelligent investments may take advantage of any dip.
