Why is the price of Ethereum (ETH) going up?

💰 Why is the price of Ethereum (ETH) going up? The price of Ethereum is going up today, because the increase in Ethereum activity was followed by the ETH to $1850 rally. Ethereum is experiencing a price breakthrough amid rising gas charges and the upcoming Shanghai upgrade, reaching an annual peak of $1855 on March 23.

💬 Analysts believe that Ethereum can scale after a merger, and data from the chain confirm the positive short-term price future of Ether.

💻 Investors are also expecting an update of Ethereum Shanghai, scheduled for March 2023, which some believe will unlock the accumulated Ethers.