Just 16% of Ethereum Stakers Are in Profit.
Ethereum’s Shanghai upgrade is just around the corner and that means users are starting to place their bets.
All of the attention on this specific upgrade revolves around one thing: withdrawing staked Ethereum. Since staking launched back in December 2020, the network just embarking on its journey to a proof-of-stake consensus algorithm, those who locked up their funds haven’t been able to withdraw those funds.
That’s expected to change in April. But is it bearish or bullish? Let’s find out!
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Will Shanghai upgrade be a bullish or bearish event for Ethereum? Leave your comment below!