Despite concerns about a potential dump due to a new supply of Ether (ETH) hitting the markets after the Shapella upgrade, ETH surpassed $2,000 almost a day after the successful implementation at 10:27 pm UTC on April 12. Data from Cointelegraph Markets Pro shows that the token reached its highest level since August. The upgrade allows staked ETH withdrawals for users who previously had no way to take back their funds after staking. Despite the new supply of ETH hitting the markets, the price of ETH managed to hit $2,000 and is currently maintaining that level.

(By EZRA REGUERRA)