Ethereum’s next upgrade was pushed back again by developers this weekend, and Curve’s founder came out today and said, “Don’t break the chain.”
The reason is very specific: this round changes how gas is priced, and some contracts with usage hardcoded to the old standards may not run properly, potentially trapping the funds in them.
The Foundation already paused the upgrade on testnets on Friday, giving project teams a chance to check the risks themselves.
The market barely reacted over the weekend.
It dipped to around 2223 early this morning, then recovered, moving almost sideways just like Bitcoin.
It looks more like the upgrade timeline is being pushed back; the market hasn’t priced in this uncertainty separately in the short term.
For now, watch to see whether it can break above the weekend high of around 2250 on strong volume. On the downside, keep an eye on whether 2223 holds.
Are you watching to see whether the upgrade plan gets revised again, or whether 2223 breaks first?
$ETH
#ETH #Ethereum
The reason is very specific: this round changes how gas is priced, and some contracts with usage hardcoded to the old standards may not run properly, potentially trapping the funds in them.
The Foundation already paused the upgrade on testnets on Friday, giving project teams a chance to check the risks themselves.
The market barely reacted over the weekend.
It dipped to around 2223 early this morning, then recovered, moving almost sideways just like Bitcoin.
It looks more like the upgrade timeline is being pushed back; the market hasn’t priced in this uncertainty separately in the short term.
For now, watch to see whether it can break above the weekend high of around 2250 on strong volume. On the downside, keep an eye on whether 2223 holds.
Are you watching to see whether the upgrade plan gets revised again, or whether 2223 breaks first?
$ETH
#ETH #Ethereum
