Ethereum Shangai update will change the game
Eylül gördüklerini Merge'ün ardından şimdi de şunu dedikleri gibi bu gece gerçekleşmesi beklenen Shangay Güncellemesi – Yükseltmesi'nde. Bitay Araştırma Departmanı Analisti Alper Samet Yorak, güncellemenin Ethereum ve sektör üzerindeki olası sonuçlarını yazdı.
Cryptocurrency market players have turned their attention back to Ethereum after a few months hiatus. After Merge, an update step that took place in September 2022 and had an impact on the Ethereum price, now comes the Ethereum Shanghai (or Shapella) update. With the update expected to take place on Wednesday, April 12, 2023, more than 18 million Ethereum worth approximately $32 billion will be unlocked after 2 years. More than 18 million Ethereums account for about 15% of the total locked Ethereums.
This is an important development because Ethereum will allow investors who have staked Ethereum to withdraw their funds for the first time since its staking service began in 2020. A few changes are also planned to the Ethereum software with the Shanghai update step. This update step aims to reduce transaction costs for certain activities.
How will the Ethereum price be affected by this situation? Is there selling pressure?
Of course, the issue that almost everyone is wondering is will the Ethereum price go up or down with this update? In this regard, the divergence among market participants continues. While some people are worried that there may be a high amount of sales after the locks to be opened, on the other hand, the current price of the staked Ethereums is low and there is no serious sales pressure with the expectation that many investors will be able to stake their Ethereums again.
