Ether continued its recent strength Thursday, climbing to $2,015 a day after Ethereum completed the Shapella upgrade. Institutional investors are watching the exit queue, one crypto markets observer said. _jocelynyang_ reports
had diverged
Diogo Mónica, president and co-founder of institutional crypto platform Anchorage Digital, told CoinDesk in an interview post-upgrade that investors would be more comfortable locking in ETH, leading to decreased supply. Monica noted that “there's liquidity on the chain directly.” “How the exit queue behaves” in the next few weeks and whether “we get to a pattern of liquidity such that we can start being comfortable staking for the people that aren't staking” are questions that institutional investors currently have in mind, along with the next potentialETH's performance around the Shanghai Fork will depend less on “technicals” and more on “what risk actually does at that time,” according to a report from Coinbase Research prior to the upgrade.
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