What will the Shanghai update lead to in the Ethereum network?

By Lazy Bear | Crypto and world | 1 Feb 2023


The Zhejiang update will be launched today in the public Ethereum test network. And after 6 days, the Shanghai update will also be launched.

This update will allow you to withdraw frozen ETH in the stack.


There are three theories of what this update will lead to.


1) the fall in the exchange rate due to the release of funds


2) price increase due to increased trust in the network


3) the price will not change

ETH price week

To date, the price per day has increased. But in the context of the week, we see that the price is much lower than the peaks of recent days.


It remains to observe the schedule.


What do you think the price will be after the upgrade?

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Lazy Bear
Lazy Bear

Crypto trader. Love crypto


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