Ethereum $1,788.52while plans to go to significant technical changes in the infrastructure with the Pectra update that will be implemented this month, the decline tendencies observed in the price and global geopolitical developments have caused a cautious approach in the market.
Ethereum Pectra update
The update aims to combine Ethereum’s Prague Executive layer and Electra Reconciliation layer to bring a total of 11 Ethereum improvement proposals. The most remarkable factor of these innovations is the EIP-7702 application that makes it possible to abstract account with the recommendation of the founding vitalik butter. In this way, external accounts will temporarily process the logic of the smart contract by processing more flexible wallet functionality and transaction fees that do not require transactions.
“Pectra improves the confirmatory experience and doubles the number of BLOBs for Layer 2 scaling. This is our biggest update since Merge… EIP-7251 active solo stinging and EIP-7702 makes EOAS a smart contract.” – Tim Beiko.
Despite technical innovations, the price of Ethereum is lingering in $ 1,800.
Within the scope of security measures, Coinbase aims to ensure the security of the user by stopping ETH deposits and shooting for a short time on May 7. This step is a standard measure for the system to remain stable during the network transition process.
Ethereum (ETH)
The MACD indicator supports the upward trend despite a slight loss of momentum. Investors await a cautious improvement, considering the 50 -day moving average. Developers are concentrated on the long -term impact of the infrastructure update. The application of new technical specifications aims to increase the overall efficiency and user experience of the network. Time will also show the effects of this on the price.
While geopolitical developments and liquidity problems in the region increase short -term uncertainties, fluctuations in the market cause a cautious approach between investors.
Technical update and market dynamics are evaluated in terms of long -term health and scalability of Ethereum; Improvements in the system can contribute to the future operation of the infrastructure in the future. Investors may have the opportunity to develop long -term strategies in the light of these technical developments.
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.
