ETH Holds Steady Post-Shanghai, Defying Expectations

ETH’s price stayed remarkably stable in the minutes following Ethereum’s historic, successful Shanghai upgrade.

Highlights

ETH’s price stayed remarkably stable in the minutes following the successful implementation of the historic, successful Shanghai upgrade.
The upgrade enabled the withdrawal of staked ETH by the network’s participants.
Analysts expected more than $300 million worth of ETH to be liquidated immediately following Shanghai’s launch.
But neither that factor, nor Shanghai’s position as a notable, tradable moment in Ethereum’s history, appear to have impacted the price of ETH whatsoever, at least not yet.
In the five days leading up to the merge event, ETH climbed up 3% in the days prior to their execution, but only 3% of that time it climbed up.

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