$ETH Jumps 19% as Ethereum Starts Testing Its Next Major Upgrade
The whole crypto market significantly moved today, and ETH was one of the strongest majors: +19.4% in a day, breaking out of its sub-$1,900 range and pushing toward $2,290.
So the pump came with the broader crypto $BTC market, but Ethereum has another story developing in the background: Glamsterdam.
On August 20, its new Platåberget testnet is scheduled to go through the Glamsterdam fork an early public test of the upgrade currently planned for mainnet in Q4.
Glamsterdam is mainly about preparing Ethereum for the next stage of L1 scaling:
• more parallel transaction processing
• changes to how blocks are built and verified
• gas-cost changes aimed at keeping network growth sustainable
On the chart, $2,340-2,400 is now the next major resistance zone. Clear that, and $2,500 becomes the obvious next test.
Price is finally moving again just as Ethereum starts testing another major piece of its scaling roadmap. Nice timing, isn't it?
#Macro Insights# #Altcoin Season# #ETH
The whole crypto market significantly moved today, and ETH was one of the strongest majors: +19.4% in a day, breaking out of its sub-$1,900 range and pushing toward $2,290.
So the pump came with the broader crypto $BTC market, but Ethereum has another story developing in the background: Glamsterdam.
On August 20, its new Platåberget testnet is scheduled to go through the Glamsterdam fork an early public test of the upgrade currently planned for mainnet in Q4.
Glamsterdam is mainly about preparing Ethereum for the next stage of L1 scaling:
• more parallel transaction processing
• changes to how blocks are built and verified
• gas-cost changes aimed at keeping network growth sustainable
On the chart, $2,340-2,400 is now the next major resistance zone. Clear that, and $2,500 becomes the obvious next test.
Price is finally moving again just as Ethereum starts testing another major piece of its scaling roadmap. Nice timing, isn't it?
#Macro Insights# #Altcoin Season# #ETH