Ethereum’s Pectra Upgrade Sparks Uncertain Outlook Amid Trader's $68 Million Short Position

Ethereum Price Bounces Over 7% After Signaling Entry To ‘Highly Overvalued Zone’

Ethereum made a significant price action today, mirroring Bitcoin’s latest gains. The second largest cryptocurrency by market cap surged by over 7% following a significant development in its ecosystem and after showing signs of undervaluation. Ethereum Price Performance Within the last 24 hours, Ethereum (ETH) bounced 7% from a $2,162.93 low to a $2,319.40 high, coinciding with Bitcoin’s (BTC) move between a $87,350.11 low and a $92,804.94 high.…

The upcoming update of Ethereum Blockchain, named ‘Pectra’, faces considerable challenges after technical problems in Holesky and Sepolia Testnets has raised doubts about the timely introduction of maize in April. These difficulties may have contributed to the fact that the Ethereum course in recent days compared to other cryptocurrencies: [...] The post Update Risks for Ether’s course? was first published in La Cryptocurrency.

Ethereum Price Forecast: ETH holds $2,200 support despite Pectra's issues on Sepolia testnet

Ethereum (ETH) is up on Wednesday after developers fixed issues with the Pectra upgrade's deployment on the Sepolia testnet.

Ethereum’s Pectra Fork Faces Challenges on Sepolia Testnet

Ethereum's Pectra fork has encountered unexpected issues on the Sepolia testnet. What initially appeared to be a smooth transition quickly turned problematic as validators and client teams reported transaction failures and network instability. The issues, primarily linked to a custom deposit contract, have raised concerns within the Ethereum community, prompting swift action from developers and node operators. Shortly after the hard fork, the Se…

Ethereum’s Pectra Upgrade Sparks Uncertain Outlook Amid Trader's $68 Million Short Position

The post Ethereum’s Pectra Upgrade Sparks Uncertain Outlook Amid Trader’s $68 Million Short Position appeared on BitcoinEthereumNews.com. Amid a tumultuous week for Ethereum, a savvy trader capitalized on market volatility, amassing nearly $68 million through a strategic short position on Ether. This high-stakes maneuver unfolded as Ether’s price plummeted nearly 11% due to concerns surrounding global trade and a significant security breach at B…

Ether shorter gains $68M on 50x leverage as ETH drops 11%

The risky short bet was made in anticipation of Ethereum’s Pectra upgrade as Ether fell nearly 11% amid growing global trade concerns.