Claim BonusEthereum Shanghai Upgrade Progress: Will ETH Price Rise Or Fall?
Ethereum Shanghai upgrade news: The network’s highly anticipated upgrade is set to go live sometime in March or April. It will allow ETH stakers to withdraw their cryptocurrency currently locked in the ETH 2.0 smart contract. But the question is, will unlocking this amount cause immense selling pressure?
A dress rehearsal (Zhejiang testnet) for the Ethereum Shanghai upgrade is about to begin. It serves to replace the Shandong testnet because when the latter was launched, it included several EIPs that will not be rolled out with the upgrade.
According to Paritosh, Developer at the Ethereum Foundation, the Zhejiang testnet is a great opportunity for all tools to test out how they want to collect, display and use the withdrawal information. Making the experience smooth for users is one of our highest priorities now!
How Ethereum Shanghai Upgrade Will Impact ETH’s Price?
At the time of writing, the current price of Ethereum is $1,667.61 with a one-day trading volume of $9,876,481,170. ETH has risen by nearly 5.51% during the past 24 hours. The coin strongly holds the second position on CMC, with a live market cap of $204,071,388,357.
The implementation of the Shanghai network upgrade is expected to drive Ethereum’s staking ratio up so that stakers can enjoy additional yield without the downside of lower liquidity. From lowered gas fees to fewer failed transactions, it is expected that ETH will surge amid the network upgrade.
On the bearish side of things, the cryptocurrency market is still at the edge of a bullish-bearish trend. There are many reasons for it like many investors are not over with Terra Luna and FTX contagion. Also, macroeconomic factors are bearish that might pressure original Ethereum stakers to sell their staked ETH.
In conclusion, Shanghai Network Upgrade can lead Ethereum toward a massive surge, or investors can witness the price dump. It is just a matter of time until we find out!
Also Read: How Ethereum Shanghai Upgrade Will Impact ETH Holders?
Note: The information in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Fed Rate Cut Odds in January Crash to 99% Ahead of Dollar Yen Intervention- Will BTC React?
- New $2M Funding Reveals Ethereum Foundation’s New Threat
- U.S. Shutdown Odds Hit 78% as CLARITY Act Faces Fresh Uncertainty
- Bitcoin Sentiment Weakens BTC ETFs Lose $103M- Is A Crash Imminent?
- Trump Backed Rick Rieder Now Leads the Odds for New Fed Chair
- Bitcoin and XRP Price At Risk As US Govt. Shutdown Odds Reach 73%
- PEPE vs PENGUIN: Can Pengu Price Outperform Pepe Coin in 2026?
- Binance Coin Price Outlook As Grayscale Files S-1 for BNB
- Solana Price Prediction as SOL ETF Inflows Outpace BTC and ETH Together
- Bitcoin and Gold Outlook 2026: Warsh, Rieder Gain Traction in Trump’s Fed Pick
- PEPE Coin Price Eyes 45% Rebound as Buyers Regain Control on Spot Markets
