{"id":522198,"date":"2023-03-08T07:40:13","date_gmt":"2023-03-08T07:40:13","guid":{"rendered":"https:\/\/uniquehot.com\/?p=522198"},"modified":"2023-03-08T07:03:15","modified_gmt":"2023-03-08T07:03:15","slug":"ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/","title":{"rendered":"Ethereum: Several Metrics On The Down-Low As Shanghai Upgrade Nears"},"content":{"rendered":"

Ethereum, the Layer 1 blockchain for most of the DeFi protocols available in the market, has seen drops both in metrics and in price since the start of the month. <\/span><\/p>\n

According to CoinMarketCap<\/span>, the price of Ethereum<\/a> went down by 6% in the weekly timeframe, and trading at $1,554.<\/span><\/p>\n

Nansen.ai<\/span><\/a>, on the other hand, has been noting several key metrics that investors should watch out for as Ethereum’s Shanghai upgrade rolls closer to frame.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Meanwhile, DeFi has taken a blow from the recent volatility in the market. Total value locked (TVL) of DeFi has gone <\/span>down<\/span><\/a> by a percent, a figure that might not be so alarming but could still bring in some negative energy for investors.<\/span><\/p>\n

Related Reading: Shiba Inu Is The Crypto Of Choice By Top 100 Ethereum Whales \u2013 Here\u2019s Why<\/a><\/div>\n

Markets Down, Investors Dragged<\/strong><\/h2>\n

According to a recent <\/span>thread<\/span><\/a> made by the company, Ethereum has been showing signs that both retail and institutional investors have bearish attitudes that contribute to the overall market depression seen right now.<\/span><\/p>\n

\"\"<\/p>\n

Source: CoinMarketCap<\/pre>\n
In the simplest of explanations, traders are said to be more efficient at selling at the highs than buying at the dip. ‘Dip Buyers’, a category in Nansen’s report, only counted 23 traders that fit this category.\u00a0<\/span><\/p>\n
\n
Join Nansen Research’s new Telegram channel: https:\/\/t.co\/znbFCUCPZZ<\/a><\/p>\n
\ud83d\udd14 Be the first to know when our latest reports are published. pic.twitter.com\/i75zeOxAy4<\/a><\/p>\n
\u2014 Nansen \ud83e\udded (@nansen_ai) March 6, 2023<\/a><\/p><\/blockquote>\n
Sellers are also disposing more ETH to the open market. The Top Seller segment of the report also shows that they sold over 335k ETH. Investors that experienced a $40k profit are also avoiding ETH with a 50% decline in the metric. This can be attributed to external events that heavily impacted the markets, namely the Terra collapse.\u00a0<\/span><\/p>\n
Short to medium term, it’s not looking great for Ethereum either. CoinGlass <\/span>data<\/span><\/a> shows that short sellers outnumber the longs by a percentage which contributes to the overall marker dip as of press time.<\/span><\/p>\n
Macro Woes Work Hand In Hand With The Bears<\/strong><\/h2>\n
Recent<\/span><\/a> macroeconomic news are pummeling the broader market as US Federal Reserve Chair Jerome Powell announced that the Fed might be eyeing more rate hikes in the coming months. This came after <\/span>February’s<\/span> Year-on-Year Consumer Price Index report that shows only a 0.1% decrease in CPI from 6.5% to 6.4%. <\/span><\/p>\n
Before the release of the CPI data, analysts are bullish, forecasting a YoY CPI OF 6.2%.\u00a0<\/span>This set off financial markets to start the day low as bears enter, dragging the crypto market as well.<\/span><\/p>\n
All this comes before the release of Ethereum’s Shanghai upgrade. This can be bad news for ETH as it can be a repeat of the Merge event for the altcoin. <\/span><\/p>\n
<\/p>\n
Crypto total market cap at $988 billion on the daily chart | Chart: TradingView.com<\/a><\/pre>\n
Related Reading: Bitcoin Backpedals To $22,000 Region Amid Worries About Silvergate<\/a><\/div>\n
The Merge was a hyped up event where Ethereum moved from proof-of-work (PoW) to proof-of-stake (PoS) which was hoped to bring investors some gains. However, the market saw <\/span>significant losses<\/span> that overshadowed the event.\u00a0<\/span><\/p>\n
If the Shanghai upgrade follows the Merge’s footsteps, investors might be faced with gains or losses as the macroeconomic situation either improves or not.<\/span><\/p>\n
-Featured image from The Motley Fool<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum, the Layer 1 blockchain for most of the DeFi protocols available in the market, has seen drops both in metrics and in price since the start of the month. According to CoinMarketCap, the price of Ethereum went down by 6% in the weekly timeframe, and trading at $1,554. Nansen.ai, on the other hand, has been noting several key metrics that investors should watch out for as Ethereum’s Shanghai upgrade rolls closer to frame.\u00a0 Meanwhile, DeFi has taken a blow from the recent volatility in the market. Total value locked (TVL) of DeFi has gone down by a percent, a figure that might not be so alarming but could still bring in some negative energy for investors. Related Reading: Shiba Inu Is The Crypto Of Choice By Top 100 Ethereum Whales \u2013 Here\u2019s Why Markets Down, Investors Dragged According to a recent thread made by the company, Ethereum has been showing signs that both retail and institutional investors have bearish attitudes that contribute to the overall market depression seen right now. Source: CoinMarketCap In the simplest of explanations, traders are said to be more efficient at selling at the highs than buying at the dip. ‘Dip Buyers’, a category in Nansen’s report, only counted 23 traders that fit this category.\u00a0 Join Nansen Research’s new Telegram channel: https:\/\/t.co\/znbFCUCPZZ \ud83d\udd14 Be the first to know when our latest reports are published. pic.twitter.com\/i75zeOxAy4 \u2014 Nansen \ud83e\udded (@nansen_ai) March 6, 2023 Sellers are also disposing more ETH to the open market. The Top Seller segment of the report also shows that they sold over 335k ETH. Investors that experienced a $40k profit are also avoiding ETH with a 50% decline in the metric. This can be attributed to external events that heavily impacted the markets, namely the Terra collapse.\u00a0 Short to medium term, it’s not looking great for Ethereum either. CoinGlass data shows that short sellers outnumber the longs by a percentage which contributes to the overall marker dip as of press time. Macro Woes Work Hand In Hand With The Bears Recent macroeconomic news are pummeling the broader market as US Federal Reserve Chair Jerome Powell announced that the Fed might be eyeing more rate hikes in the coming months. This came after February’s Year-on-Year Consumer Price Index report that shows only a 0.1% decrease in CPI from 6.5% to 6.4%. Before the release of the CPI data, analysts are bullish, forecasting a YoY CPI OF 6.2%.\u00a0This set off financial markets to start the day low as bears enter, dragging the crypto market as well. All this comes before the release of Ethereum’s Shanghai upgrade. This can be bad news for ETH as it can be a repeat of the Merge event for the altcoin. Crypto total market cap at $988 billion on the daily chart | Chart: TradingView.com Related Reading: Bitcoin Backpedals To $22,000 Region Amid Worries About Silvergate The Merge was a hyped up event where Ethereum moved from proof-of-work (PoW) to proof-of-stake (PoS) which was hoped to bring investors some gains. However, the market saw significant losses that overshadowed the event.\u00a0 If the Shanghai upgrade follows the Merge’s footsteps, investors might be faced with gains or losses as the macroeconomic situation either improves or not. -Featured image from The Motley Fool<\/p>\n","protected":false},"author":557,"featured_media":522205,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6664,8323,1946,87675],"class_list":["post-522198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-eth","tag-ethereum","tag-shanghai-upgrade"],"acf":[],"yoast_head":"\nEthereum: Several Metrics On The Down-Low As Shanghai Nears<\/title>\n<meta name=\"description\" content=\"Ethereum, the Layer 1 blockchain for most of the DeFi protocols available in the market, has seen drops both in metrics and in price since the start of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum: Several Metrics On The Down-Low As Shanghai Nears\" \/>\n<meta property=\"og:description\" content=\"Ethereum, the Layer 1 blockchain for most of the DeFi protocols available in the market, has seen drops both in metrics and in price since the start of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-08T07:40:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-08T07:03:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-16.png\" \/>\n\t<meta property=\"og:image:width\" content=\"793\" \/>\n\t<meta property=\"og:image:height\" content=\"484\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Ethereum: Several Metrics On The Down-Low As Shanghai Upgrade Nears\",\"datePublished\":\"2023-03-08T07:40:13+00:00\",\"dateModified\":\"2023-03-08T07:03:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/\"},\"wordCount\":536,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-16.png?fit=793%2C484\",\"keywords\":[\"crypto\",\"ETH\",\"ethereum\",\"Shanghai Upgrade\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/\",\"name\":\"Ethereum: Several Metrics On The Down-Low As Shanghai Nears\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-16.png?fit=793%2C484\",\"datePublished\":\"2023-03-08T07:40:13+00:00\",\"dateModified\":\"2023-03-08T07:03:15+00:00\",\"description\":\"Ethereum, the Layer 1 blockchain for most of the DeFi protocols available in the market, has seen drops both in metrics and in price since the start of\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-16.png?fit=793%2C484\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-16.png?fit=793%2C484\",\"width\":793,\"height\":484,\"caption\":\"Ethereum\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum: Several Metrics On The Down-Low As Shanghai Upgrade Nears\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\",\"name\":\"Christian Encila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"caption\":\"Christian Encila\"},\"description\":\"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/uniquehot.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Ethereum: Several Metrics On The Down-Low As Shanghai Nears","description":"Ethereum, the Layer 1 blockchain for most of the DeFi protocols available in the market, has seen drops both in metrics and in price since the start of","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum: Several Metrics On The Down-Low As Shanghai Nears","og_description":"Ethereum, the Layer 1 blockchain for most of the DeFi protocols available in the market, has seen drops both in metrics and in price since the start of","og_url":"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-03-08T07:40:13+00:00","article_modified_time":"2023-03-08T07:03:15+00:00","og_image":[{"width":793,"height":484,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-16.png","type":"image\/png"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/"},"author":{"name":"Christian Encila","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"Ethereum: Several Metrics On The Down-Low As Shanghai Upgrade Nears","datePublished":"2023-03-08T07:40:13+00:00","dateModified":"2023-03-08T07:03:15+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/"},"wordCount":536,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-16.png?fit=793%2C484","keywords":["crypto","ETH","ethereum","Shanghai Upgrade"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/","url":"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/","name":"Ethereum: Several Metrics On The Down-Low As Shanghai Nears","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-16.png?fit=793%2C484","datePublished":"2023-03-08T07:40:13+00:00","dateModified":"2023-03-08T07:03:15+00:00","description":"Ethereum, the Layer 1 blockchain for most of the DeFi protocols available in the market, has seen drops both in metrics and in price since the start of","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-16.png?fit=793%2C484","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-16.png?fit=793%2C484","width":793,"height":484,"caption":"Ethereum"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Ethereum: Several Metrics On The Down-Low As Shanghai Upgrade Nears"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80","name":"Christian Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum: Several Metrics On The Down-Low As Shanghai Upgrade Nears","url":"http:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-16.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-16.png?fit=793%2C484"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","eth","ethereum","shanghai upgrade"],"dateCreated":"2023-03-08T07:40:13Z","datePublished":"2023-03-08T07:40:13Z","dateModified":"2023-03-08T07:40:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum: Several Metrics On The Down-Low As Shanghai Upgrade Nears\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ethereum-several-metrics-on-the-down-low-as-shanghai-upgrade-nears\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/a-16.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/a-16.png?fit=793%2C484\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"eth\",\"ethereum\",\"shanghai upgrade\"],\"dateCreated\":\"2023-03-08T07:40:13Z\",\"datePublished\":\"2023-03-08T07:40:13Z\",\"dateModified\":\"2023-03-08T07:40:13Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/03\/a-16.png?fit=793%2C484","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/522198"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=522198"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/522198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/522205"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=522198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=522198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=522198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}