Ethereum $2,236.91 Developers would relieve the technical problem that caused the transactions in Sepolia Testnet to temporarily stop. While returning to normal transactions, market analysts say that they expect a possible rise in Ethereum price. The problem was caused by a special warehouse contract used on Testnet.
Eliminating the testnet problem
During the Pectra upgrade, the disruption caused by data flow problems in Sepolia Testnet. This led to the fact that the transactions did not take place for certain hours.
Tim Beiko (Ethereum Foundation Protocol Support Responsible) said the reason for the problem is about the private warehouse contract in Testnet.
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CoindCX manager Rohit Jain, some layers of realization can not process the data, he added.
Rohit Jain: Some clients were forced to digest the data, and the transactions could not be included.
ETH Price Expectations
Market analysts predict that the price of Ethereum may be in the range of $ 2,000 to $ 4,000 in the near future. It is stated that the increase may continue if the price tests certain technical levels and finds support.
In addition, investors revised Ethereum portfolios as a result of the fluctuations and continued asset management. Assets collected at low levels have the potential to create significant resistance points in the future stages.
Ethereum, which has been weak for a long time, is still the largest network of the crypton and is still the largest Altcoin. Following the weak movement that has been going on for hundreds of days, we must see that the decline in the ETHBTC parity is reversed at a point and the ETH should re -refresh the AC level in the USD parity.
While the interest of corporate investors to Ethereum continues, a company listed in Nasdaq has determined Ethereum as a treasure presence. This is important in terms of showing that digital assets are adopted by large masses.
The strategies of different actors on market movements are worth following in terms of Ethereum’s future performance. It is recommended that investors closely monitor technical developments and market dynamics.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
