#ETH

March 2023 - ETH Shanghai upgrade, mainly to enable pledge withdrawal. It has little impact on the market, mainly based on three points:

1. Among the total pledges, only 24% have costs lower than the current price;

2. The exit mechanism introduces a "loss limit coefficient", with 50,000 coins unlocked every day;

3. The total number of pledges on the beacon chain accounts for 13.23% of the current total supply;