Ethereum Präis Stumbles Ënner $1.6k; Kann Shanghai Upgrade den Dag retten?

Ethereum Bearish Signal: California-based crypto exchange, Kraken had agreed to shut its cryptocurrency staking operations after der US Securities and Exchange Commission (SEC) accused the platform of offering an unregistered crypto staking program. According to the SEC, it is a violation of the U.S. securities law.

This major step by the SEC sent shockwaves in the crypto market causing the price of major cryptocurrencies drop. Ethereum (ETH), the second largest cryptocurrency, lost approximately 5.34% in the last 24 hours, bringing it back down to the level of $1.5k.

Ethereum Präispolitik

Den Downtrend an ETH Präis is being driven by strong selling pressure. The ETH price was able to climb above $1,700 on February 03, 2023, and remained stable near the $1,650 level over the past few weeks. With a live market cap of $188 billion, CoinMarketCap is currently ranked #2.

The Ethereum Shanghai Upgrade Will Have a Huge Impact

Am Mäerz 2023 huet den Den Ethereum Taux vun Shanghai Taux will go live. ETH stakers will be able to withdraw their cryptocurrency currently locked in the ETH 2.0 smart contract.

There is plenty of room for the 14% ratio to rise, the bank said, given that the average for other Beweis-vun-Ofsaz (PoS) networks is about four times as high, JPMorgan (JPM) said in a research report Wednesday.

“Assuming the staking ratio converges over time to the 60% average of other major PoS networks, the validator number could increase from 0.5 million to 2.2 million and the yield would fall from 7.4% current to around 5%.”

Elo dass d' cryptocurrency Maart is projecting a bearish trend, this upgrade seems the only hope for ETH holders. It can lead Ethereum toward a massive surge, or investors can witness the price dump, nobody knows, but it’s just a matter of time until we find out!

Och liesen: Ethereum Shanghai Upgrade Progress: Will ETH Price Rise Or Fall?

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