{"id":77079,"date":"2023-04-12T14:04:03","date_gmt":"2023-04-12T11:04:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77079"},"modified":"2025-09-10T21:14:06","modified_gmt":"2025-09-10T18:14:06","slug":"jpmorgan-and-fidelity-weigh-shapella-hard-forks-impact-on-ethereum-price","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jpmorgan-and-fidelity-weigh-shapella-hard-forks-impact-on-ethereum-price\/","title":{"rendered":"JPMorgan and Fidelity weigh Shapella hard fork’s impact on Ethereum price"},"content":{"rendered":"

Analysts at JPMorgan Chase and Fidelity Investments have weighed the potential impact of the forthcoming Shapella hard fork on Ethereum’s price, The Block<\/a> reports.<\/p>\n

Scheduled<\/a> for implementation on 12 April, the update will allow withdrawals from staking<\/a>. According to ultrasound.money<\/a>, since the Beacon Chain launched, users have locked 18.1 million ETH to earn passive income, which could potentially enter the market after the hard fork.<\/p>\n

According to JPMorgan analysts, ETH prices are likely to face ‘some selling pressure’. At least this is linked to validators gaining access to more than 1 million ETH in staking rewards.<\/p>\n

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“If you factor in the additional impact from staked Ether held by troubled enterprises, downside pressure could rise in the coming weeks,” the bank’s analysts noted.<\/p>\n<\/blockquote>\n

In their view, Ethereum’s momentum will be weaker than Bitcoin’s during this period.<\/p>\n

Fidelity analysts believe that Shapella’s impact will not be uniform. After the network’s transition from the Proof-of-Work to Proof-of-Stake as a result of The Merge<\/a>, validators’ operating costs have fallen significantly.<\/p>\n

Following the recent rally, more than half of the coins in staking \u0441\u0442\u0430\u043b\u0438 \u043f\u0440\u0438\u0431\u044b\u043b\u044c\u043d\u044b\u043c\u0438<\/a>, analysts added, arguing in favour of further holding of the assets.<\/p>\n

\\\"JPMorgan
Data: Dune Analytics<\/a>.<\/figcaption><\/figure>\n

Another important factor is liquid staking services. Platforms like Lido<\/a> provide users with representative tokens in exchange for the locked assets, which can be used in market operations. Analysts at Fidelity noted that, thanks to this, about a third of staked Ether is effectively already liquid before the upgrade.<\/p>\n

\n

“Given the amount of ETH held by service providers, these organisations are likely to set their own unlock timelines,” the experts added.<\/p>\n<\/blockquote>\n

Based on these factors, they expect a ‘muted’ impact of the hard fork on the cryptocurrency’s prices.<\/p>\n

As Shapella approaches, inflows to Ethereum staking services have declined<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at JPMorgan Chase and Fidelity Investments have differing views on the potential impact of the upcoming Shapella hard fork on Ethereum’s price, The Block reports.<\/p>\n","protected":false},"author":1,"featured_media":77080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,268,1138],"class_list":["post-77079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-hardfork","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=77079"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77079\/revisions"}],"predecessor-version":[{"id":77081,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77079\/revisions\/77081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77080"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}