Bullish For ETH next Year 2023

The coming year is already looking forward to Ethereum and its parent token Ether with the next update "Shanghai" to be launched in the third quarter of 2023. 

Ethereum Looks Promising in the Near Future
  Ethereum (ETH) could see a significant price increase as renewals tend to have important prospects.  With
  "Shanghai" update, online bettors can easily withdraw their coins.  The recall process is designed to reduce the potential impact of recalls on market prices.  

Weiss Crypto Rating,
  stated, "If Shanghai opens the door to flexible trading, we believe that a new pool of investors will likely want to join in, knowing that they can exit at any time after placing bets without holding commitments."
  Besides
 
   Additionally, the EIB-88 update makes transactions much cheaper over Layer-2 scalable networks for these features.
  Weiss explained that "an estimated fee of 1% is even lower than an equivalent Ethereum base layer transaction."


  The announcement comes after Ethereum co-founder Vitalik Buterin released an updated roadmap for network upgrades.  As previously reported, Ethereum co-founder Vitalik Buterin introduced a new development milestone called “The Plague” in his Ethereum blockchain roadmap earlier this month, which focuses on improving transaction censorship and bot-based trading.  a convention called maximum extracted value (MEV).  

Meanwhile, the price of the blockchain's natural token Ether (ETH) is trading wildly.  According to data from CoinMarketCap, ETH is trading around $1,205, down 3.5% in the last 2 hours at the time of writing.  Crypto assets fell by approx
 0.7% and 66.1% for one week and this year.
  However, analysts note that whales continue to buy ETH even though the price is falling. 

 According to data highlighted by crypto market intelligence platform Santiment, all investors, including small, medium and large traders, have increased their holdings in the ETH supply since the end of October.
 ,
  sharks and whales – wallets with between 100 and 1 million ETH – saw significant gains in the 2-hour period last week, adding a total of 657,390 ETH to their holdings.

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