Ethereum Report from Giant Company! “We Believe The Rise Will Continue!”

from Bitcoin (BTC) second largest cryptocurrency after EthereumIn , all eyes are on the Shanghai upgrade, which is scheduled to take place in March.

According to the news of Coindesk, while the Shanghai increase and its effect on the price were eagerly awaited, a report came from the investment company Bernstein analysts.

Bernstein analysts led by Gautam Chhugani and Manas Agrawal, who stated that the interest in NFTs and therefore Ethereum increased with the release of a mini-game by Yuga labs, ETHHe stated that Turkey has witnessed much healthier on-chain activity.

Ethereum Stating that daily fees on the chain have increased from approximately $ 2 million to $ 4 million since the beginning of the year, analysts stated that the price of ETH has also gained 35% in value.

analysts, ETH’He noted that inflation has remained negative for more than two weeks, in anticipation of more on-chain activity and more deflation in the economy.

“We believe Bitcoin and Ethereum remain relatively clean here and will gradually see conviction-based spot positioning.

We would also like to point out that the next major catalyst for Ethereum by mid-March is the Shanghai upgrade, which will allow the withdrawal of staked ETHs.”

Finally after Shanghai upgrade EthereumAnalysts underlined the need to be careful due to concerns about the supply of .

*Not investment advice.