OKX recently conducted a survey on the impact of the Shanghai-Capella upgrade on the Ethereum network. The results of the survey were published on April 7, 2023 and the majority of those surveyed believe that more ETH will be staked in the coming months and the price of ETH could reach a new record high.

The upgrade, also known as Shapella, is scheduled to take place on April 13, 2023. One of the main features of the upgrade is that it will allow withdrawal of staked ETH, which until now is time. writing score is not possible. This is an event of particular interest to investors and traders in the Ethereum community.

The survey conducted by OKX included 700 Ethereum traders, investors and developers at the ETH Denver conference from March 1 to 5, 2023. The main results of the survey are as follows:

83% of those surveyed think there will be more ETH staked in the next three months.

63% of respondents predict that ETH will hit a new record high above $5,000 by the end of 2023.

79% of those surveyed expect the price of ETH to react to another Shapella The Merge.

59% think it will continue to grow before and after the upgrade. 20% believe ETH will move sideways.

33% of respondents expect ETH to surpass its current 6-month high of $2,000 by June 2023, but still below its 12-month high of $3,000.

34% of those surveyed predict ETH to be below $2,000, while 33% believe it will be at least $3,100 by June 2023.

Currently, 18 million ETH has been staked, equivalent to more than 33.6 billion USD. Investors can earn APR by staking ETH of 4.65%.