Ethereum: What these metrics say about ETH as we approach the last mile
ambcrypto.comThe Ethereum [ETH] merge is set to come to an end, with its final upgrade — Shapella (Shanghai + Capella) — less than 36 hours away. The final event will let stakers withdraw their locked funds, thus enabling them to enter and exit their staking positions at any given point.
In anticipation of the Shapella upgrade, the ETH staking pool witnessed a surge in the number of one-time depositors. Data form Glassnode stated that staking pools usually witnessed recurring deposits.
However, that wasn’t the case anymore. Major events witnessed a spike in the number of one-time depositors.
<p lang=«en» dir=«ltr» xml:lang=«en»>The #Ethereum staking pool is mainly composed of recurring depositors owning multiple validators, making up to 1000 deposits daily.However, major events such as the Beacon Chain genesis, the Merge, and the upcoming Shanghai upgrade have seen a surge in one-time depositors. pic.twitter.com/W6pkGUCtEN
— glassnode (@glassnode) April 10, 2023
How much are 1,10,100 ETHs worth today?
Data from the Twitter handle glassnodealerts further pointed out that the number of addresses in profit reached a 16-month high of 66,500,400. This could be taken as a clear indication of budding investor interest in the king of altcoins ahead of the final upgrade.
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