Merge completed successfully. This development sparked community excitement, and Twitter was flooded with opinions about what would happen next.
After this, the next big upgrade, Shanghai, is expected to roll out sometime next year. The Shanghai upgrade will finally unlock the staked Ethereum present on the Beacon chain.will continue to be locked on the Beacon Chain for another 6-12 months until the Shanghai upgrade — the next major upgrade after the Merge.network in the coming months, its recent price action did not correspond to the positive developments.
He also mentioned, “Interestingly, after people exited their short position, the whale led to decline ETH.”That being said, several analysts are expecting ETH’s price to drop even further in the coming days. Justin Bennette, a famous crypto influencer, tweeted on the same. He posted a chart wherein he predicted that the ETH price might fall to as low as $800 if certain conditions were met.
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