"Investors must not be happy to sit and wait for the new upgrade of ETH, right."
Since the start of 2023, the price movement of the second largest cryptocurrency Ethereum (ETH) has been steadily increasing as developers revealed that they will launch a Shanghai upgrade in March.
Explained further on the matter, the ETH that is staked (staking) will be opened for production and this development is the cause of the digital asset validators becoming more active.
For the record, the price of Lido DAO (LIDO) has generated huge gains lately when it has doubled to reach $2.10 compared to its previous level of $1.
While the ETH liquid staking protocol which is related to LIDO also gained various benefits through the Shanghai upgrade.
It is reported that ETH staking has successfully reached 500,000 validators and the amount of staking has exceeded 16 million figures even though the upgrade has not yet been completed.
Please note that ETH price has so far gained 0.70% at $1,558 in the last 24 hours but the digital asset has the potential to jump higher in the future if its ecosystem is further developed.
Overall, ETH which has managed to break through $1,573 is likely to reach the next resistance level at $1,650 shortly after the Shanghai upgrade.
