The world’s second biggest cryptocurrency by market capitalisation just experienced a major upgrade that came into play on August 5, 2021. Now the Ethereum London Fork upgrade is live on the Ethereum Mainnet. The updates will see lower Ethereum gas fees, faster transaction speeds and lead to a less energy intensive ‘proof of stake’ consensus mechanism.
All of the updates agreed at the London Fork will make Ethereum much more attractive in the long-term as the world’s primary decentralised finance network, a prospect that has caught the interest of global financial institutions.
Cointelegraph crypto-contributor Michael van de Poppe, has now tweeted: “Ethereum makes a massive bounce upwards here from the critical level at $2,535.”
Yesterday on his popular podcast Mr van de Poppe added: “Ethereum was continuing towards its upper resistance.”
He added that breaking above this upper reliance level “is going to guarantee further upward momentum”.
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“I believe Ethereum will surpass $3,000 in evaluation by the end of…
