• Ethereum is set to undergo a major network upgrade known as the Shapella upgrade, which will allow stakers to withdraw their staked ETH starting next week.
• The amount of ETH available for unstaking is 43,200 per day, greatly reducing the potential sell-off and its impact on ETH price.
• Industry observers believe that the Shapella upgrade will not have a significant negative effect on the price of ETH.
Ethereum Staked ETH Withdrawals Coming Next Week
Ethereum is set to undergo a major network upgrade known as the Shapella upgrade next week. This upgrade aims to bring several key improvements, most notably giving stakers the ability to withdraw their staked ETH.
What Does It Mean For You?
The total amount of locked up ETH is 18 million (about $32.5 billion at the time of writing). However, only 43,200 of this can be withdrawn daily which reduces potential sell-off and its impact on price significantly. Industry observers believe that this won’t have a negative effect on the price of Ethereum overall.
Benefits Of Shapella Upgrade
The Shapella upgrade brings numerous benefits for Ethereum users such as increased transaction throughput, improved scalability and better security features such as finality gadget support. All these improvements make Ethereum more attractive for developers and investors alike.
How Will Price React?
It’s difficult to predict how exactly Shapella will impact the price of ETH but many industry experts agree that it won’t harm it significantly due to slow withdrawals over time instead of one big dump all at once.
Conclusion
The upcoming Shapella upgrade is an important milestone for Ethereum users who are looking for more secure transactions with increased scalability and throughputs as well as being able to unlock their staked funds without affecting market prices too much.
