Ethereum Shanghai upgrade inches closer with massive 17.4M ETH staked by community

Definition

• Realized Price for the Ethereum network 🔵, capturing the average price at which the entire ETH supply last moved on-chain.
• Realized Price for PoS Deposits 🔴, capturing the average deposit price for all staked ETH.
• Aggregate Unrealized Profit/Loss on Deposits 🟡, calculated as the difference between the Realized Price for Deposits, and the Spot Price, multiplied by the total ETH value staked.

Quick Take

• Ethereum Shanghai upgrade is on the horizon later this month.
• As a result, stakers can withdraw their tokens from Ethereum POS smart contract.
• The total staked amount in ETH is roughly 17.4 million; this has grown by 4 million since the merge in September 2022.
• The current realized price for Ethereum is $1,380, while the ETH 2.0 deposits realized price is roughly $2,153.
• Roughly $8.5 billion of unrealized losses, while most staked ETH is currently at a loss.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

@jvs_btc LinkedIn Email James

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