#BTC || Lets first look at Bitcoin. Price has retraced to previous support, 28.8k. This is the first time this level is being tested after breaking down.
#ETH || For Ethereum it's a slightly different story. The pivotal area of 2k ish has already been tested once and price is having another go.
#ethereumshanghaiupgrade is here. What is it?
"The Shanghai upgrade, scheduled for April 12, will allow network validators to withdraw funds that have been locked to secure the network since December 2020. The upgrade will complete the network’s transition to a proof-of-stake system, which started in October 2022 with the Merge", mentioned by cointelegraph.
Will it impact the market?
"While it may have some short-term negative impact on the price of Ether, the upcoming Shanghai upgrade will be highly bullish for Ethereum’s native token, as it will attract more capital to staking and increase the network’s security," according to Ethereum researcher Vivek Raman.
#Ethereum 's price expectation
A drop to 1700 would be logical and wouldn't invalidate the uptrend. If it bounces afterwards to retest 2k remains to be seen. This would be the same sort of price action after the last update, The Merge. Considering the Macro economic position the world is in, I wouldn't rule out a drop back to lower levels, 1350 dollars. Whether we make a fresh lows in Q3 or not isn't relevant to me. I do expect with high probability Q3-Q4 2023 will be a bullish time.
