The Ethereum Foundation released a pre-Shanghai testnet on 14 October, this year. The testnet is referred to as Shandong so one can be used to test and finalize the Ethereum Improvement. That are expected to be rolled out in the actual Shanghai Update during the release in 2023.

If ETH reveals regular upward thrust in investors and buyers, we can expect 2023 to initiate on a bullish trend. Which should put pressure in extra alliances, adoptions, and investors. Wherefore, the Ethereum price prediction for 2023 is predicted bullish by Coinpedia for $1866.79 considering effect of Shanghai update.