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The reason this matters – in the context of what to call the Ethereum upgrade – is that it goes by different names on each layer. The execution layer will undergo the “Shanghai” upgrade, while on the consensus layer, it’s known as “Capella.” So developers are cleverly referring to the
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The test on Goerli is going to be highly watched, given that it is the largest public Ethereum testnet, and the last chance for staking providers to make sure that staked ETH is withdrawable before Shanghai reaches the mainnet. (The Shanghai upgrade is alternately referred to as Shapella.) Original Source
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The price of Ether (ETH) declined 9.8% between Feb. 19 and Feb. 25 after the price resistance at $1,725 proved stronger than expected. Still, the correction was insufficient to break the 6-week-long ascending channel and did not cause Ether derivatives metrics to turn bearish.Ether (ETH) price index in USD, 1-day.
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Bernstein’s analysis shows the supply increases are likely to be spread over a few weeks, even months, resulting in little selling pressure on a daily basis. The broker sees limited actual supply impact, but notes that weak sentiment due to unstaking can put pressure on the ether price prior to
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The developers will now conduct the Shanghai upgrade on the Goerli testnet in the coming weeks. This will be the final dress rehearsal before implementing the upgrade on the Ethereum mainnet. As the Ethereum Shanghai upgrade comes closers, Ethereum developers are seeing successful results by conducting a rehearsal on the
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The Ethereum blockchain's Sepolia testnet has undergone a successful upgrade that simulates the upcoming Shanghai hard fork that is expected to take place in March on the network's mainnet.The "Shapella" upgrade, which combines the names of the upcoming Shanghai and Capella hard forks, was successfully implemented on the testnet on
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If the developers continue to run test upgrades three weeks apart, the next testnet upgrade on Goerli would likely occur around March 21, which could likely push the mainnet Shanghai Upgrade into April. If that were the case, there would be a slight delay versus the target of March that
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It’s easy to think that launching Shanghai in the middle of a bear market could hurt the staking ecosystem. Stakers, skittish about the macro outlook of crypto in 2023, may choose to withdraw their ETH, keeping their assets liquid in case of more market turmoil. Cautious of regulatory movements against
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The price of Ethereum's native token, Ether (ETH), has surged by more than 40% year-to-date to around $1,750, the highest level in seven months. However, ETH price is not out of the woods yet despite several bullish cues such as the Shanghai upgrade in the pipeline. Ethereum price bull trap?Ether's rise has
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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
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