Shanghai Ethereum Update ImpactThe Shanghai upgrade for Ethereum is happening on April 12, 2023. It allows ETH stakers to withdraw their investments and rewards for the first time since the Beacon chain launch. Key Points:
Estimated ETH to be sold after the upgrade: 170k
Only 100k ETH from rewards will likely be withdrawn & sold
70k ETH is expected to become liquid
Impact on ETH price should be manageable
Don't worry! By most analysises, in the most extreme case, the impact on ETH's price is expected to be acceptable.
