Ethereum's Shanghai Upgrade and Market Entry: Latest Developments.

Bank of America has said that Ethereum's Shanghai upgrade, which allows validators to withdraw staked ether and rewards, is only a small step forward and does not address scalability. The bank sees Ethereum's limited throughput and increasing competition from alternative blockchains as constraints to its adoption and usage. Ethereum's long-term viability depends on the execution of its development roadmap, including the implementation of a sharding approach called Danksharding, which is still years away. The bank expects heightened volatility around the upgrade due to decreased liquidity and derivatives activity.