Ethereum Price Prediction: Lido Enables ETH Staking Withdrawals
The Ethereum network underwent a dramatic transition from the proof-of-work mining model to the proof-of-stake model on September 15, 2022. With an astounding 99.95% decrease in energy use, this much-anticipated change has ushered in a new era of sustainability and environmental friendliness in the blockchain sector. Ethereum displayed decent growth in January and February after the bear market of 2022. The much-awaited Shapella upgrade also went live recently. This allowed validators to withdraw their staked Ethereum. Following the upgrade, ETH touched a monthly high of $2,137 before falling to its current price of $1,820. ETH is down by 13% in the last 30 days. It is also down by 1.22% in the last seven days, according to CoinMarketCap data. Also read: European Union Passes Law Requiring Identification for All Crypto Transactions The recent movements in the price of ETH can be attributed to Lido enabling ETH withdrawals on its staking platform. With over 6,711,437 ET...