Shanghai upgrade set to skyrocket Ethereum's value

The upcoming Shanghai upgrade on Ethereum is highly bullish for ETH, the native token.

The upgrade will allow network validators to withdraw locked funds, completing the network's transition to a proof-of-stake system.

The ability to unstake Ether after the upgrade will "de-risk" the investment, making it more attractive to institutional investors.

In the short term, the upgrade may hurt the price of ETH due to potential selling pressure.

More capital entering ETH staking will improve the network's security in the long run.

With around 18 million ETH available for withdrawal, there may be some selling pressure on the token's price in the short term.

Staking more native proof-of-stake assets will increase the cost of attacking the chain, making the Ethereum network more secure.