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ETH Staking and Price Expectations Ahead of the Shapella Upgrade

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Summary

An OKX survey of 700 ETH traders, investors, and network developers at ETH Denver reports expectations ahead of the Shanghai-Capella upgrade, which was scheduled to enable withdrawals of staked ether. The survey asked about future staking levels and ETH prices, including how the market might behave compared with the Merge. Most respondents expected staking to increase, and many forecast a higher ETH price by the end of 2023. The document also reports the amount of ETH staked and the staking APR at the time.

These figures describe respondents’ beliefs, not a trading signal or a representative measure of the entire market. The survey was conducted over five days in March 2023, and its sample was limited to conference attendees in specified crypto roles. The article gives no methodology for sampling or analysis of how accurately the forecasts performed. It also notes that ETH fell around the Merge, but does not establish that the upgrade caused the move or explain how Shapella’s effects might differ.

Key ideas

  • The survey measured expectations about ETH staking and prices ahead of the Shapella upgrade.
  • Most respondents expected the quantity of staked ETH to rise over the following three months.
  • Respondents’ price forecasts varied, and they do not establish likely future market prices.
  • The results reflect a limited survey sample and should be treated as sentiment evidence.

Tags

CryptoSentimentEvent-driven

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.