Ethereum Dencun Upgrade Arrival
The Ethereum ecosystem is preparing for the launch of the Dencun integration on the Holesky Ethereum testnet. This milestone represents the final testnet fork before the mainnet deployment, which is expected to be announced during tomorrow’s AllCoreDevs call. Insiders believe that the mainnet rollout will occur in early to mid-March. One notable feature of this upgrade is the implementation of EIP-4844, which aims to reduce costs for Layer 2 rollups by introducing blob-carrying transactions. The Dencun Upgrade highlights Ethereum’s commitment to scalability, security, and network efficiency.
Ethereum Price to $3,500?
Prominent crypto analyst Michael van de Poppe predicts an imminent uptrend for Ethereum as the Dencun upgrade approaches. He sets a target price of $3,500 for ETH. Van de Poppe believes that the market is currently undervaluing Ethereum’s potential and sees it as a major driving force in the coming months. Bloomberg Intelligence analyst James Seyffart expects further delays in spot Ethereum ETF approval, with a focus on May 23rd as the final deadline set by VanEck. Europe dominates the global ETH ETF market with an 81.4% share, followed by Canada with a 16.6% share.
Hot Take: Ethereum Gains Momentum Ahead of Dencun Upgrade
Ethereum has seen positive price movement despite setbacks in ETF approvals. The upcoming Dencun upgrade on the Holesky Ethereum testnet has generated excitement among investors and industry insiders. The implementation of EIP-4844 and Ethereum’s focus on scalability and network efficiency are expected to strengthen its position as a leading blockchain platform. Analysts predict an uptrend for Ethereum, with a target price of $3,500. Europe and Canada dominate the global ETH ETF market, indicating growing interest in Ethereum investment products. As the Dencun upgrade draws nearer, Ethereum’s momentum is likely to continue.
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