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In anticipation of the Shanghai Upgrade, will you buy, sell, hold ETH, or sit and see how it plays out?

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by COINS NEWS 125 Views

We have the Ethereum upgrade coming up in just a few days. There is again much anticipation over the Upgrade, as this one specifically allows stakers to be able to withdraw their funds. Of course, nobody knows if this means that most will simply restake, withdraw, or even more people will become interested in staking since withdrawals are now enabled. The hype is cool, but I'm sure much of us remember how ETH hype and price expectation went during the Merge months ago.

The Upgrade is permitting the withdrawal of something like 14% of ETH supply, but that's very far from 14% of supply actually being sold, as we may very well see even more supply being staked as markets are looking positive and stakers will get an extra 5% APY on top of whatever price appreciation the ETH price may give.

How do you plan on acting for this event? Are you bullish and buying, or going wild and shorting the market? Or will you just hold your ETH and let whatever come, come.

submitted by /u/OneThatNoseOne
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