Why is Ethereum seen as preparing for massive rally?

Analysts are optimistic about ETH as the cryptocurrency’s price is seen as preparing for a significant increase. When investors prepared for an enormous move in the altcoin with the Shapella upgrade.

Analysts predict that the price of ethereum could experience a significant price increase to the $1,850 mark. Ethereum price tackled resistance at the $1,800 level, which is the current trading price at the tome of writing before climbing higher on April 3. With the Shapella upgrade fast approaching, analysts are eyeing the Ethereum network for an explosive move in ETH price.

Interestingly, there is a spike in the volume of Ethereum staked in the ETH2 deposit contract and liquid staking protocols like Lido, ahead of Shapella.

After a day of sideways market movement, the price of ethereum surpassed $1,800 on April 3. Since Monday, the altcoin has increased about 2% for owners, preparing it for its upcoming significant upgrade, the Shanghai hard fork, also known as Shapella.