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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.
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