Ethereum's Shanghai Upgrade and $300 Million ETH Sale: What You Need to Know.

Analysts estimate that around 170,000 Ethereum, worth approximately $326 million, will be sold following the highly anticipated Shanghai upgrade. Of the newly unlocked sum, approximately 70,000 ETH will come from validators exiting the network, pulling their staked holdings with them, while the remaining 100,000 ETH is expected to come from users withdrawing their staking rewards to sell on the market. However, analysts believe that the effects of Shanghai on the Ethereum market will likely be muted in the short term, and the move "is expected to be a lot less dramatic than many have painted it to be."