Ethereum Gains 4.5% in Weekly Timescale As Shanghai Upgrade Nears

Ethereum, the king altcoin, has been generating a lot of buzz lately. According to CoinGecko, the coin appreciated by 4.5% in the weekly timescale.This is because of the upcoming “Shanghai” upgrade which is expected to improve the overall usability of Ether’s Layer 1 chain. 
The term “Layer 1” describes the fundamental components of a network. Transactions on L1 blockchains do not require the involvement of any additional networks for verification or settlement