ETH price rallied as deposits briefly surged after the Shapella, but on-chain data suggests that 1.4 million ETH will be withdrawn in the short-term.
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Mining:
What is mining, how does it work, and why is it important for blockchain and cryptocurrencies? Continue reading on Medium »
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Ethereum’s Shapella Upgrade Unlocks Staked Ether, Over 860K ETH Poised for Withdrawal, Price Surges 6%
On Wednesday, April 12, 2023, at 6:30 p.m. Eastern Time, Ethereum’s Shapella upgrade was successfully implemented, enabling validators to withdraw staked ether. Data reveals that
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Ether staking withdrawals: Crypto exchanges set calendar for unstaking
A majority of the validators are withdrawing their staking rewards rather than the whole 32 staked ETH.
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Can Ethereum crack $2K? ETH price inches closer despite new unlocked supply
Ethereum staking withdrawals are gathering momentum but have not been able to cause a major sell-off as many anticipated post-Shapella upgrades.
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When levees break, liquidity flows — Analyzing Ethereum Shapella and liquidity staking derivatives
Volumes from the top five Ethereum staking platforms suggest holders are hedging against the unknown until after ETH withdrawals are enabled.
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