Ethereum is up 15% versus Bitcoin since Shapella — More ETH price gains ahead?

Ethereum price rises versus Bitcoin post-Shapella despite “sell-the-news” fears.

— worth about $1.21 billion — since the Shapella upgrades on April 12, according to data fetched by Nansen. Interestingly, Ether’s price in U.S. dollar terms has increased by 14.25% in the same period.It means that many stakers have decided to hold onto their Ether rewards. On the other hand, Bitcoin has

above its technical resistance of $30,000, possibly making ETH a more attractive short-term bet for traders.Institutional investors have shown more interest in Bitcoin than Ether in the past week,For instance, Bitcoin-based investment vehicles witnessed $103.8 million in inflows in the week ending April 14. In comparison, Ethereum funds attracted $300,000, showing that mainstream investors may have followed the “sell the news” strategy after the Shapella upgrades.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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