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The Ethereum Shanghai upgrade was completed at Epoch194048 altitude at 6:28 this morning. The main focus of this upgrade is the addition of Ethereum's pledge withdrawal function, which allows users to withdraw the pledged ETH and related income after this upgrade

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of MarsBit

With the upgrading of Ethereum, the development momentum of the digital currency market is becoming stronger, and more and more investors are paying attention to the trading of digital assets. As an important component of digital currency trading platforms, BitTree is highly favored by investors for its security, convenience, and flexibility

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of MarsBit

Ethereum seamlessly implemented withdrawals on April 12th, also known as the Shanghai upgrade, causing ETH prices to rebound to over $2100, the highest level since May 2022.According to CryptoQuant, a crypto data company, within four days after the upgrade of Ethereum Shanghai, the crypto exchange had a net inflow of 179500 Ethereum (ETH) worth approximately $375 million

Image source @ Visual ChinaAt 23:00 Beijing time on February 7th, the Ethereum Zhejiang testing network successfully activated the Shanghai upgrade on epoch1350, taking 13 minutes to complete, and successfully simulated the withdrawal of pledged ETH for the first time. (Note: The term 'Shapella' originates from Shanghai and Capella and represents improvements in two plans, which can simplify the process of simultaneously extracting rights pledge ETH at the execution layer and Beacon chain

Disclaimer: This article aims to convey more market information and does not constitute any investment advice. The article only represents the author's viewpoint and does not represent the official stance of MarsBit

Zhitong Financial APP learned that the Ethereum network will undergo technical transformation on April 12, allowing users to withdraw tens of billions of dollars of native token Ethereum. This is called "Shanghai" upgrade, and it is a necessary step for the consensus mechanism of Ethereum, the world's most commercially important cryptocurrency platform, to change from proof-of-work to PoS

The "Shanghai Upgrade" is the first significant upgrade after the merger of Ethereum, which means the opening of Ethereum's pledge and withdrawal function, and also means that Ethereum will ultimately cut off its connection with encrypted "mining".The "Shanghai upgrade" is of great significance for the future development of DeFi (decentralized finance): promoting the decentralization process of the Ethereum network will also help usher in the DeFi 3

Image source @ Visual ChinaAt 23:00 Beijing time on February 7th, the Ethereum Zhejiang testing network successfully activated the Shanghai upgrade on epoch1350, taking 13 minutes to complete, and successfully simulated the withdrawal of pledged ETH for the first time. (Note: The term 'Shapella' originates from Shanghai and Capella and represents improvements in two plans, which can simplify the process of simultaneously extracting rights pledge ETH at the execution layer and Beacon chain

During today's trading session, Ethereum and cryptocurrency markets have shown strength and are trading in green. The expectations surrounding the upcoming major upgrade of ETH in "Shanghai" may support a positive price trend

The current price of ETH is $1867.62