Ethereum surges in anticipation of Shanghai and Capella upgrades.
Ethereum's Ether price has hit a seven-month high of $1,922 ahead of the upcoming Shanghai and Capella upgrades on April 12. Ether price has shown gains on the seven-day, one-month, and three-month timeframes, with 59% growth year-to-date. Analysts predict a $3,000 price target in Q2 2023. Whale accumulation remains strong, and the uptick in proof-of-stake validation through staking contracts is bullish for the Ethereum ecosystem. The total value locked in the Ethereum network is also rising, reaching $50.8 billion on April 5.