Ethereum Ready To Turn On Staked ETH Withdrawals In 2 Days

Ethereum’s highly anticipated Shanghai upgrade is scheduled for epoch 194048 at around 11 pm UTC on April 12, barely two days away at press time.

Highlights

The Shanghai-Capella upgrade scheduled for April 12 should unlock over $30 billion in staked ETH on the Bitcoin-Ethereum chain.
Shapella, a mix of the Shanghai and Capella upgrades, will unlock over 16 million ETH deposited in the chain’s staking contract since December 2020.
Entities have locked ETH a staggering amount of ETH since 2020 to secure their place as validators – the people who help manage the network by authenticating transactions and securing the chain.
The coming unlock also raises concerns of sell pressure in the market, with concerns of centralization concerns.
ETH was up 1.30% and traded at $1860 on Monday.

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