Ethereum (ETH): Are There Reasons to Worry About its Next Update?
Soon after the arrival of the Merge, the cryptocurrency market is looking forward to the Shanghai update of #Ethereum.
Shanghai will bring fragmentation to increase network speed and reduce transfer rates.
If developments go well, Shanghai is likely to hit the main altcoin network in March 2023.
The massive sale that should occur with this update is the great fear of the crypto community.
Funds of those who staked #ETH at $610 will be released, so they might sell getting a 94% profit (Current ETH price: $1,187). Although, long-term investors should not make massive sales, since it’s very likely that ETH can hit 5k in the next bull run.
If a situation occurs where sales are made and the price of Ethereum falls, the altcoin becomes more attractive for staking. Rewards will increase, and the entry price to earn income from holding the altcoin will be lower, encouraging more investors to join the proof-of-stake network.
