Ether Soars to 11-Month High Following Faultless Shanghai Software Update
- The Shanghai upgrade completed without issues, easing investor concerns.
- Ether withdrawals were enabled for the first time in two years, but the amount entering the market was lower than anticipated.
- Ether's price rose over 5% to an 11-month high of $2,000, pulling bitcoin up nearly 2% to a 10-month high.
- Trading volume remained low, amplifying price swings.
- Ether's year-to-date return reached 65%, outperforming bitcoin's rise.