The much-anticipated Shanghai Upgrade that would enable the withdrawal of staked Ethereum [ETH] has been pushed to the second week of April, as decided during the network’s core developers’ call.

Ethereum developers have pushed back the highly-anticipated Shanghai hard fork by approximately two weeks. Initially estimated for late March, the Shanghai upgrade will now likely be deployed sometime within the first two weeks of April. The delay was announced at an Ethereum developer meeting on Mar. 2. During the meeting, core developers came to the consensus that the hard fork would occur about a fortnight after the Goerli testnet launch, which has been slated for Mar. 14. The Goerli testnet will be the final dress rehearsal for the Shanghai hard fork before it is rolled out on the mainnet. (Cointelegraph)

Ethereum Shanghai upgrade is on the horizon later this month. As a result, stakers can withdraw their tokens from Ethereum POS smart contract.

Ether’s (ETH) price action is expected to be “cautious” until the Ethereum blockchain’s Shanghai upgrade, due later this month, as the market is concerned about a supply overhang, Bernstein said in a research report Wednesday.

Ethereum has completed the “Shapella” upgrade on its Sepolia testnet, according to tweets from various Ethereum developers on Feb. 28.

The Ethereum blockchain's Sepolia testnet has undergone a successful upgrade that simulates the upcoming Shanghai hard fork that is expected to take place in March on the network's mainnet.

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Tron founder Justin Sun has become one of the largest holders of Lido Staked ETH (stETH), as per the recent on-chain data. Justin Sun has been actively staking Ethereum on the liquid staking platform Lido Finance ahead of the most-awaited Ethereum Shanghai upgrade in March.

Ethereum developers have asked node operators, validators, and stakers to update their Ethereum clients as the Ethereum Shanghai upgrade comes closer. With the Sepolia Shapella upgrade scheduled for February 28 at 4 AM UTC, withdrawals of staked Ethereum on the Beacon chain will start soon.

Ethereum core developer Tim Beiko announced the Shapella (Shanghai/Capella) upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832.