Ethereum has come a long way with respect to its price performance, since the blockchain network made the transition from proof-of-work (PoW) to proof-of-stake (PoS) 200 days ago.

The much awaited Shanghai upgrade, scheduled to go live on April 12th, 2023, will introduce several new features and improvements to the Ethereum blockchain. As ETH transactions fees are expected to decrease, this could help the second-largest cryptocurrency by market capitalization to draw in more users and maintain long-term price stability.

The Shanghai upgrade is due to bring a host of novelties to Ethereum, including the implementation of the ethereum improvement proposal (EIP-1559). This is set to significantly reduce the transaction fees, increase the scalability and speed of the network, and in turn make the cryptocurrency more attractive to institutional investors.

Ethereum has managed to remain one of the industry's best performers over the past year, even as Bitcoin has recorded new all-time highs.

The blockchain-based cryptocurrency has been on an upward trajectory in the past days, as investors look ahead to the upcoming Shanghai upgrade. Prices of Ether (ETH) surged past the $1,900 mark for the first time in eight months, and continue to show signs of price appreciation.

With the imminent launch of the Shanghai upgrade, the Ethereum network is set for further improvements and optimizations. The upgrade promises to reduce transaction fees, increase the scalability and speed of the network and make the cryptocurrency attractive to institutional investors. All of these potential changes bring in lots of hope for the long-term future performance of Ethereum and its price trajectory.



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