Ethereum, the world's second largest cryptocurrency, is bracing for a potentially significant price reaction as the highly anticipated Shanghai update draws nearer. This update comes at a time when the volatility of Ethereum is gradually decreasing, and a massive $34 billion worth of Ether is set to be unlocked from staking contracts. The impact of these two events on Ethereum's price performance remains uncertain, and market participants are closely watching for any signs of movement.
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