The current price of ETH is $1867.62
Within a few hours before the expected upgrade to blockchain in Shanghai, the price of Ethereum (ETH) fell below $1900 on April 12th. The current trading price of ETH is $1867.62, with a 24-hour trading volume of $8721558303. Ethereum has fallen by 2.39% in the past 24 hours.
The Shanghai upgrade, also known as the Shapella upgrade, is a hard fork planned for April 12, 2023. One of the most important developments related to bifurcation is the ability of pledgers and validators to remove assets from the beacon chain. Shapella is a hybrid of "Shanghai" and "Capella", which are proposed improvements to Ethereum in these two plans.
Nevertheless, Shanghai seems to be primarily popular with the public. This change will bring significant technological advancements to the network. According to reports, there are currently 18 million stETHs. This amount is worth approximately $34 billion, accounting for a significant portion of Ethereum's $227 billion market value. If a large amount of ETH is put into circulation, the update may affect pricing.
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