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predicting that there won’t be significant selling pressure on ETH due to the staking withdrawals after the upgrade. CryptoQuant’s analysis revealed that most of the staked ETH is currently in profit, generating a yield of up to 30% or less. Therefore, with most ETH staked in profit, there will likely be little selling pressure from withdrawal.

Current ETH Price

According to CoinMarketCap, the current price of ETH is around $1,800. This is a slight increase from the price before the announcement of Shapella. CryptoQuant’s analysis suggests that there shouldn’t be much of an impact on the ETH price due to Shapella. However, it is still too early to tell what the exact impact of the upgrade will be.

• The upcoming Ethereum upgrade, Shapella, scheduled for April 12 has raised many questions in the cryptocurrency community about what it might mean for the…