Ethereum's Upgrades and Proposals Fuel Price Surge and Predictions.

Ethereum's upcoming Shanghai upgrade could result in $2.4 billion worth of selling pressure as users withdraw their staked ether and Celsius liquidates its staking balance. However, the expected supply boost amounts to just 20% of ether's average daily trading volume, and the selling pressure will likely be distributed over several days, allowing buyers to match it without much impact on the price. Additionally, a large share of ether stakers are long-term investors and are unlikely to liquidate their holdings after the upgrade.