Ethereum on-chain data suggests ETH sell pressure could be a non-event after the Shanghai upgrade

Ethereum on-chain data suggests ETH sell pressure could be a non-event after the Shanghai upgrade

Market Analysis
February 18, 2023 by secret
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[ad_1] The upcoming Ethereum Shanghai hard fork is slated to occur in March 2023, and the upgrade will cap off the network’s move to proof-of-stake (PoS), which started during the Merge on Sept. 15, 2022. Once Shanghai is implemented, previously locked Ether (ETH) will gradually become liquid for the first time since December 2020.  According to on-chain Etherscan