Investors keeping a close eye on Ethereum [ETH] may have noticed that investor interest was limited despite the hype surrounding the Shanghai upgrade. Meanwhile, at press time, some network developments underpinned substantial activity in its preparation.
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According to 9 April’s Glassnode data, the amount of liquidity locked in ETH 2.0 deposit contracts has not only been rising but is at a new ATH. Such an observation would normally be associated with more confidence in the market, and also in line with a major development.
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