Ethereum's Shanghai Upgrade Eases Selling Pressure, Promising Potential Increase.
TL;DR
On-chain analytics platform CryptoQuant believes that the upcoming Shanghai upgrade for Ethereum, which will allow the unstaking of Ethereum on April 12th, is unlikely to trigger above-normal selling pressure. This is because most of the staked Ethereum is currently at a loss, meaning that the selling pressure is likely to be lower than expected. Additionally, a significant portion of the deposits made by the Lido pool is currently underwater. Over 16.5 million Ethereum is currently staked, which is approximately 14% of the total supply.
Topics:businesscryptocurrency#cryptocurrency#cryptoquant#ethereum#lido#selling-pressure#shanghai-upgrade
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