Ethereum Price Today: $1,930
- Ethereum developers tentatively scheduled the Pectra mainnet upgrade for April 30 in the latest ACDC call.
- Whales have intensified buying pressure, anticipating a price surge post-upgrade.
- ETH faces potential bearish pressure if technical indicators confirm a breakdown signal.
Ethereum Whales Boost Buying Ahead of Pectra Upgrade
The Pectra upgrade, now live on the Hoodi testnet, is under close observation after prior testnet hiccups. A confirmed April 30 mainnet launch could trigger volatility as traders position for price shifts.
Key ACDC Call Takeaways:
- PeerDAS prioritized for early rollout.
- Pre-merge history to drop from Sepolia on May 1.
- Protocol Research Call scheduled next week.
Whale Activity Highlights:
- A single entity purchased 51,209 ETH ($103M) on Coinbase.
- Exchange reserves dropped by 1M ETH since March 3, signaling heavy accumulation.
- Some whales are staking ETH or leveraging DeFi positions.
👉 Explore Ethereum's latest whale movements
Ethereum Price Analysis: Breakdown Risk Looms
ETH’s technical outlook shows:
- A break below the $1,800 support** could trigger a drop toward **$1,200 (bearish flag pattern).
- RSI and MACD hint at weakening momentum.
- $29.38M in futures liquidations occurred in 24 hours (76% longs).
Critical Levels:
- Resistance: $2,069 (recovery trigger).
- Support: $1,800 (breakdown confirmation).
Ethereum Development FAQs
What is the Pectra upgrade?
Pectra, slated for 2025, enhances Ethereum with:
- Improved wallet usability (EIP-7702).
- EVM upgrades and PeerDAS for Layer 2 scaling.
Hard Forks vs. Soft Forks
- Hard forks: Permanent splits (e.g., Ethereum Classic).
- Soft forks: Backward-compatible updates.
What is EIP-7702?
A Vitalik Buterin-proposed upgrade enabling:
- Batch transactions (one fee for multiple actions).
- Wallet recovery options.
Layer 2 vs. Layer 3 Solutions
- L2s (e.g., Arbitrum): Scale Ethereum via off-chain computation.
- L3s: Specialized chains (e.g., gaming/privacy) built atop L2s.
👉 Stay updated on Ethereum’s market trends
Disclaimer: This content is informational only. Conduct independent research before investing.
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