The biggest altcoin EthereumIn , all eyes are on the Shanghai upgrade, which is expected to take place on April 12.
Staked after Shanghai rise ETHAs the .
However, one of the former analysts of Ark Invest Chris Burniske He disagrees with other analysts regarding ETH price.
Because Burniske argues that unlocking staked Ethereums will reflect an upward trend in the price in the medium and long term.
EthereumBurniske, who stated that he was surprised to discuss whether the opening of the locks would bring an increase or not, stated that this was a positive development rather than a decrease signal.
“I am surprised that there is a debate about whether or not hedging risk by allowing the staked ETHs to be unlocked will cause the price of Ethereum to rise.
And luckily the fact that there will be an uptrend is a question makes me even more optimistic.”
I’m shocked it’s a debated question that *de-risking $ETH staking by allowing for unlocks* is bullish. And unfortunately for doubtooooooors, the fact it’s even a question makes me more bullish.
— Chris Burniske (@cburniske) April 3, 2023
According to Burniske ETHWhile unlocking s might seem like a bearish signal at first, the ability for investors to control their Ethereum themselves will bring bullishness to ETH in the medium to long term.
Other than that, it should be noted that not all investors may sell their unlocked ETH. Because some investors Ethereum based projects or choose to hold their ETH in anticipation of a possible price increase in ETH.
*Not investment advice.
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