Here I explain why I am an Ethereum maxi person.
Much awaited EIP-4895 - Shapella (Shanghai) Ethereum Upgrade is now live. I want to share all the important stats with you
🔥 Currently 18.2m ETH deposited, this is 15.1% of the total circulation (about 120.4m total);
🔥 Since Merge, supply decreased by 84.5k ETH (deflation is around 0.25% per year), if we stayed on PoW, we would have mined almost 5m ETH (3.5% inflation per year);
🔥 As expected, we didn't see selling pressure, as more than 55% of the deposited ETH are underwater;
🔥 Only 704k ETH are waiting for the full exit;
🔥 There is a chance that Coinbase and Kraken staking will close, at the moment they occupy 12.6% and 6.8% respectively, most likely this ETH will flow into $ANKR/$FXS/$RPL/$SD/$SWISE or other centralized LSPs (liquid staking providers) = bullish for LSD coins;
🔥 Lido $LDO occupies 31+% of the market, perhaps we will also see an outflow from it to the LSPs mentioned above;
Conclusion
Ethereum keeps developing, becoming deflationary (with an active market it will be MUCH MORE deflationary), the ecosystem is developing, long term all this is looking very and very good.
Locally, we can see some drawdown of 3-5%, due to 100-200-300k ETH pressure in the next 5-10 days, but rather it is too dramatic, and nothing will happen, besides, we have a bullish chart.
Therefore, I made a decision if we see a correction to the levels of $1,650 - $1,780 - I will definitely become a buyer. But at the moment my focus is on LSD assets.
🔥 ETH ULTRA SOUND MONEY 🔥
