Major coins traded mixed on Sunday night as investors digested news of weaker US economic data.

What happened: Ethereum has been in an uptrend after the Shanghai upgrade, hitting its highest price in 11 months. It saw a significant increase in value after enabling its first-ever crypto withdrawals from the blockchain’s staking mechanism, with the price topping $2,000 in renewed enthusiasm for the upgrade’s success. The value of Ether has continued to rise, gaining momentum over the past five days and hitting a new high of $2,141 on Sunday.

At the time of writing, the global crypto market cap is $1.27 trillion, down a little over 0.09% from the last day.

US stocks fell on Friday amid a lackluster retail sales report that had dampened investor optimism about a strong start to corporate earnings. The S&P 500 fell 0.21% while the Nasdaq lost 0.72%.

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News Highlights: Solana SOL/USD is up 5% in the last 24 hours and its performance this week can be attributed to the recent launch of sagaa front runner Android Phone powered by the Solana blockchain. Since its release on April 13th, Saga has made it easy for users to take advantage of Solana’s wide range of apps and projects.

Analyst Notes: Edward MoyaSenior Market Analyst at OANDA, said: “Bitcoin and Ethereum are breaking out here. Bitcoin has reclaimed the $30,000 mark, a crucial level that was entry level for many institutional investors in 2021. Ethereum is above $2,100 after a successful Shanghai upgrade. Ethereum is now fully proof-of-stake and this milestone did not trigger a sell-the-news reaction.”

Crypto Analyst Michael Van de Poppe said that Bitcoin’s increasing stability is setting the stage for the altcoin market to surge. The analyst also notes that Ethereum…