Ethereum Preps for Gray Glacier, But Price Shows No Support
Ethereum was seen prepping for its big upgrade, 'The Merge.' In the coming week, Ethereum developers will pass another upgrade to the mainnet. Dubbed “Gray Glacier,” the upgrade is designed to further delay the Ice Age/Difficulty. But as the network prepares for these big upgrades, the price of Ethereum’s native asset ETH was showing minimal support. The largest altcoin succumbed to the bears.
Gray Glacier: A Critical Difficulty Bomb Postponement
The Grey Glacier fork is a difficulty-bomb postponement, which is expected to go live on Ethereum Mainnet towards the end of June. In other words: all users are required to upgrade. The Gray Glacier network upgrade changes the parameters of the Ice Age/Difficulty Bomb, pushing it back by 700,000 blocks, or roughly 100 days. This has also.
The Ethereum network will be undergoing the upgrade at block 15,050,000, which is expected to occur on 29 June. Here, it’s important to note that Gray Glacier will not be. The Gray Glacier Ethereum network upgrade took place on J, at block height 15,050,000. The Ethereum core developers successfully launched the Gray Glacier hard fork today, a network upgrade that implemented the Ethereum Improvement Proposal (EIP)
Ethereum Price Prediction and Market Sentiment
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This upgrade represents a crucial transition step towards a proof-of.