{"id":386681,"date":"2023-04-17T22:22:30","date_gmt":"2023-04-17T22:22:30","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=386681"},"modified":"2023-04-17T22:22:30","modified_gmt":"2023-04-17T22:22:30","slug":"ethereum-price-under-threat-amid-staker-sell-off-concerns-impact-on-eth","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-price-under-threat-amid-staker-sell-off-concerns-impact-on-eth","title":{"rendered":"Ethereum Price Under Threat Amid Staker Sell-Off Concerns, Impact On ETH"},"content":{"rendered":"

Ethereum price (ETH<\/a>) has been unable to break above the $2,200 resistance level even after the Shanghai\/Capella (Shapella) upgrade. According to on-chain metrics, there are concerning signals as stakers remain positioned for sell-action. Holders are now worried about whether ETH could lose its current support level around the $2,000 area.<\/p>\n

Following an initial positive reaction to the successful Shapella upgrade, the largest altcoin now faces an uncertain short-term future. Based on data<\/a> from IntoTheBlock, there is a surge in the volume of large Ethereum transfers in the wake of the Shanghai Capella upgrade.<\/p>\n

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The volume of large #ETH<\/a> transactions has been increasing steadily this week. From 708k $ETH<\/a> on April 9th to over 2.2M $ETH<\/a> yesterday https:\/\/t.co\/VN2Nxw1H6C<\/a> pic.twitter.com\/TulGVyn84J<\/a><\/p>\n

— IntoTheBlock (@intotheblock) April 14, 2023<\/a><\/p><\/blockquote>\n