Will ETH fall or rise after Shanghai upgrade?

Crypto滕子京 · 2023-04-11T07:25:19.000Z

The mainnet will launch the Shanghai upgrade on the 12th of this month. The 12.8 million ETH pledged after the upgrade can be listed and circulated, but there are two potential dangers #BTC #crypto2023 #ETH 1: After the pledge is released, 4.8 million of them may bring heavy selling pressure to the market and drive the market waterfall. 2: 8 million of them have been pledged through the AAVE and LDO platforms and converted into STETH and WETH. If a large amount of ETH is exchanged after the pledge is released, STETH and WETH will be de-riveted, causing a panic drop in the market. There are only 2 days left before the upgrade. A large number of investors in the market predict that it will first stretch to 2100 points and then cash in on the good news.

The Shanghai upgrade of the mainnet was launched on the 12th of this month. After the upgrade, the 12.8 million ETH pledged can be listed and circulated, but there are two potential dangers#BTC #crypto2023 #ETH 
1: After the release of pledge, 4.8 million of them may bring heavy selling pressure to the market and drive the market waterfall
2: 8 million of them have been pledged through AAVE and LDO platforms and converted into STETH and WETH. If a large amount of ETH is exchanged after the pledge is released, STETH and WETH will be de-pledged, causing a panic drop in the market.
There are only 2 days left before the upgrade. A large number of investors in the market predict that the index will first stretch to 2100 points and then crash the market after the favorable news is realized.
Summary: The overall Shanghai upgrade is bearish, and the probability of a downward trend is relatively high
At the same time, the US economy continues to deteriorate, increasing the probability of a fall.
Everyone should control their positions and be cautious about the coins in related sectors.
The focus should be on Hong Kong related sectors, such as ACH, CFX, ARB