Ethereum prepares for Shanghai hard fork in March 2023, will ETH crumble under selling pressure Ethereum, the second largest altcoin by market capitalization, is on track to unlock staked ETH tokens after the Shanghai hard fork in March 2023. The upgrade includes an improvement proposal that allows users to unlock their ETH. The altcoin is likely to battle rising selling pressure from the event. Ethereum developers are working on the “Surge” after the successful completion of the Merge. The Merge was the altcoin network’s transition from a proof-of-work to proof-of-stake network, reducing its energy consumption by 99%. Developers are working on the Shanghai hard fork and staked token unlock through Ethereum Improvement Proposal (EIP) 4895. The Surge was supposed to go live with the next upgrade in the second largest cryptocurrency by market cap. Developers recently confirmeds that “The Surge,” EIP 4844, known as proto-danksharding will be prioritized after staked token unlock. “The Surge” was expected to increase the scalability of layer-2 scaling solutions by orders of magnitude and prepare the chain for sharding. Full Article: <a rel="noreferrer nofollow noopener" href="https://www.fxstreet.com/cryptocurrencies/news/ethereum-prepares-for-shanghai-hard-fork-in-march-2023-will-eth-crumble-under-selling-pressure-202301011505" target="_blank">https://www.fxstreet.com/cryptocurrencies/news/ethereum-prepares-for-shanghai-hard-fork-in-march-2023-will-eth-crumble-under-selling-pressure-202301011505</a>