Ethereum Shanghai hard fork could trigger mass sell-off in the altcoin, here’s what to expect

  • Ethereum Shanghai hard fork is scheduled for March 2023, after which the fork stakers/ validators can withdraw ETH from Beacon chain. 
  • Experts have estimated that 15 million Ethereum tokens, representing 12% of the total ETH supply can be withdrawn. 
  • Ethereum price is facing resistance at the $1,278 level, a break past this could push ETH towards the $1,312 level. 

Ethereum Shanghai hard fork’s tentative deadline is March 2023. Developers are working on an…


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