NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

Over 3,000 Validators To Withdraw After Ethereum Shanghai Upgrade

Samuel Edyme
Samuel Edyme
2 years ago
3 mins read
Ethereum (ETH)

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ethereum (ETH) has been making headlines lately with its upcoming Shanghai upgrade, which promises to bring significant improvements to the network. One of the most anticipated changes is the ability to withdraw staked ETH, which has been a long-standing concern for many users and validators.

Now that the upgrade which will allow for the withdrawal of staked ETH is set to happen later today (April 12), a report from the market intelligence platform IntotheBlock shows only 0.6% of validators are interested in withdrawing their staked ETH. 

According to the report, out of the 562,717 Ethereum validators, only a total of 3,614 opted for withdrawal as of April 10. While this figure is significantly lower than the total validators on the Ethereum network, the chart shows it could still impact the Ethereum price.

Run Down On Shanghai Upgrade

The Ethereum Shanghai upgrade, also known as Shapella, is a result of the network’s staking system which involves validators locking up a certain amount of ETH in order to participate in the consensus process and validate transactions on the Ethereum network.

Related Reading: Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here’s Why

In return for their efforts, validators are rewarded with additional ETH. However, until now, staked ETH has been locked up and unable to be withdrawn from the network, meaning that users who wanted to participate in staking had to make a long-term commitment to their investment.

The ability to withdraw staked ETH has been a much-requested feature for some time, and the upcoming Shanghai upgrade is set to finally make it a reality. With the Shanghai upgrade set to take place later today, users will now be able to withdraw their staked ETH, which is a significant development for the Ethereum 2.0 project. 

Shanghai Launch Impact On Ethereum Price?

So far, there is no accurate answer to how the Ethereum price could react following the Shanghai launch as there are many factors at play in the cryptocurrency market. However, from a technical perspective, ETH could record a notable movement. 

Related Reading: Why Is Ethereum (ETH) Still Trading Below $2,000?

In the 1-day time frame, ETH price recently tapped into one of its major highs which indicates the asset might see a retracement. This means Ethereum could see a dip as the Shanghai upgrade commences showing the sell-off of validators that have since been eager to withdraw and take profit. 

Ethereum (ETH) price chart on TradingView
Ethereum (ETH) price recently tapped into a marked major high on the 1-day chart. Source: ETH/USDT on TradingView.com

It is worth noting that the retracement or plummet from ETH might not last long as only a small amount of validators are looking to withdraw. In addition, on the price chart, ETH still has an external high just above the $2,000 region. 

Before Ethereum could see a notable fall after the Shanghai launch, the asset must have climbed above the external high above the $2,000 zone. This is because traders triggering ubiquitous take profit orders on asset charts cause a plummet after external liquidity has been taken.

Overall, assuming a large number of users suddenly decide to withdraw their staked ETH at the same time, it could lead to a temporary oversupply of ETH on the market, which could put downward pressure on the price. 

On the positive side, it is reasonable to assume that the ability to withdraw staked ETH could result in more users wanting to participate in staking to earn rewards for their efforts. This could increase the demand for ETH to stake in the first place and reduce the overall supply of ETH over time. 


Featured image from Shutterstock, Chart from TradingView.com

Tweet123Share196ShareSend
Samuel Edyme
Samuel Edyme

Samuel Edyme

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

ethereum-stablecoins-pepenode-maxidoge

Ethereum chute, mais la market cap des stablecoins explose : vers un redéploiement de capital ?

Septembre 2025. Ethereum recule violemment, presque 9 % envolés en quelques séances. Les liquidations à effet de levier ont nettoyé...

guillaumev 12 hours ago
Ethereum Price Faces Tough Road

Global M2 Money Supply Says Ethereum Price Will Reach $20,000, Here’s When

The Global M2 Money Supply has been on the rise over the last year, reaching new peaks in the process....

Scott Matherson 14 hours ago
Ethereum, ETH, Crypto

Analyst Says Ethereum Bounce Is Imminent As BitMine Continues To Accumulate

After losing the $4,450-$4,500 area during the recent market downturn, Ethereum (ETH) is attempting to hold a crucial level as...

Rubmar Garcia 16 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Wedge Breakout Or False Alarm? Ethereum Faces Its Biggest Support Test Yet

Godspower Owie 2 hours ago
Ethereum

Analyst Predicts Ethereum Price Will Reach $33,000 As ETH Founder Forecasts ‘Google Moment’

Scott Matherson 4 hours ago
XRP

XRP Price Chatter Heats Up After Developer’s $4 Hint – Details

Christian Encila 9 hours ago

Premium Sponsors

Press Releases

  • Az altcoin szezon itt van. Ez a három tényező hajthatja a bikapiacot

    Az altcoin szezon itt van. Ez a három tényező hajthatja...

    23 minutes ago
  • Sezon na altcoiny już tu jest. Te trzy czynniki mogą napędzać hossę

    Sezon na altcoiny już tu jest. Te trzy czynniki mogą...

    2 hours ago
  • Sezonul altcoin este aici. Acești trei factori sunt văzuți ca motoare ale raliului

    Sezonul altcoin este aici. Acești trei factori sunt...

    6 hours ago
  • ドージコイン 今後の価格予測:ウォールストリートが注目する「1ドル圏」への道

    ドージコイン...

    8 hours ago
  • Сезонът на алткойните е тук. Три фактора се очаква да задвижат ралито

    Сезонът на алткойните е тук. Три...

    8 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.