Shanghai upgrade: to the moon or not?
Ethereum is an amazing project: the team's ability to stay on the road map and stick to the original plans has always been impressive. Even this one thing makes you stay bullish on 
ETH in the long run. Earlier we posted idea about the Shanghai upgrade and we predicted local growth until March. Now let's check things out in a current situation
First of all, we should understand that long-term theses are only good in a bull market, or when most participants are also thinking in the long term. That's why we shouldn't expect a crazy rise right after the Shanghai upgrade.
The Shanghai Upgrade is scheduled to be implemented on the Sepolia test network on February 28, 2023. Tentatively Shanghai should be released on mainnet a few months after Sepolia (July-August)
Let’s remember that the main feature of the Shanghai Upgrade for the user will be the ability to output steak ETH.
Here’s some statements why you shouldn’t wait for ‘to the moon’ right after the upgrade:
Thanks for reading, share your point of view about ETH and stay with us!
ETH in the long run. Earlier we posted idea about the Shanghai upgrade and we predicted local growth until March. Now let's check things out in a current situation First of all, we should understand that long-term theses are only good in a bull market, or when most participants are also thinking in the long term. That's why we shouldn't expect a crazy rise right after the Shanghai upgrade.
The Shanghai Upgrade is scheduled to be implemented on the Sepolia test network on February 28, 2023. Tentatively Shanghai should be released on mainnet a few months after Sepolia (July-August)
Let’s remember that the main feature of the Shanghai Upgrade for the user will be the ability to output steak ETH.
Here’s some statements why you shouldn’t wait for ‘to the moon’ right after the upgrade:
- Some of the users who have entered at the price of ETH below the current one may want to take profit
- Some of the users who have entered at the prices equal to the current one, may want to secure their positions and fix the token stack they have forged
- Some users who have entered at the prices higher than the current one may want to take their losses back
Thanks for reading, share your point of view about ETH and stay with us!
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