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In September 2022, the Ethereum network switched to the Proof-of-Stake algorithm. As noted by Kaiko analysts, this important event ended with a 13% collapse in the ETH rate (blue) two days after the update.

At the same time, the April update of Shanghai/Shapella, which made it possible to remove ethers from staking, over the same period “led” (in orange) to an increase in ETH by almost 11 percent.

Once again we are convinced that the behavior of the cryptocurrency market does not always correspond to expectations.

CryptoJournal
In September 2022, the Ethereum network switched to the Proof-of-Stake algorithm. As noted by Kaiko analysts, this important event ended with a 13% collapse in the ETH rate (blue) two days after the update.

At the same time, the April update of Shanghai/Shapella, which made it possible to remove ethers from staking, over the same period “led” (in orange) to an increase in ETH by almost 11 percent.

Once again we are convinced that the behavior of the cryptocurrency market does not always correspond to expectations.
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