According to the statement made by asset management company Grayscale, Ethereum is gaining value thanks to the upcoming update.
The Ethereum price recently exceeded the 3 thousand dollar threshold for the first time after 2022. According to Grayscale analysts, this is the upcoming Thanks to Dencun update happened.
Analysts, “We believe the recent movement in price is an indication that the market has been waiting for this update.” said.
on the Ethereum network To be held on March 13 Thanks to the anticipated Dencun update, its It can compete better with other networks like Solana is considered.
Grayscale, in terms of market value today largest spot Bitcoin ETF manages. In addition, the company has a spot Ethereum ETF It also applied to the SEC to establish it.