NEWSLETTER
Key notes
- ethereum's sicking update was launched at the Hoodi Testnet.
- The whales began to accumulate the leading alternative.
- The price of eth faced sales pressure, liquidating $ 48 million, despite the updates.
ethereum
eth
$ 2 034
24h Volatility:
1.5%
MARKET CAUT:
$ 245.40 b
Volume 24h:
$ 13.50 b
He implemented the sicking update at the Hoodi Testnet, the last of the three tests, on March 26, approaching the Mainnet update.
The pein update is expected to improve ethereum's scalability and safety, which helps offer services to more users without facing congestion problems. It will also improve the performance of the transaction of the state test network and reduce latency.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“/>
Execution of an update in a test network, identical to Mainnet, allows developers to solve any problem such as errors before implementing on the original network. If the update goes without problems in Hoodi, ethereum will probably see the update at the Netnet before April 25.
One of the key features of the pein update is that it will allow developers to execute intelligent contracts in the wallets and allow users to pay gas rates in different tokens instead of Solo ethereum (eth).
The successful tong update in the accumulation of Hoodi triggered whales due to the optimism surrounding the long -awaited improvements.
According to Lookonchain data, four whale addresses withdrew almost 16,000 eth, for a value of approximately $ 32 million, of the main cryptographic exchanges such as Binance, Gemini, OKX and Kraken just after the Hoodi Testnet received the update.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“/>
The accumulation of whales generally triggers an upward feeling among retail investors. However, the leader Altcoin still faced correction towards the $ 2,000 mark.
<h2 class="wp-block-heading" id="h-ethereum-s-stuck”>ethereum is stuck
The eth price recorded a 2.2% decrease in the last 24 hours despite the upward news surrounding the network. ethereum is currently quoted at $ 2,020.
In addition, the sales pressure caused $ 48 million in eth liquidations, $ 39 million lengths and $ 9 million shorts, according to data provided by Coinglass. The total amount of encryption liquidations reached $ 248 million.
The largest individual liquidation order in the market occurred in the HTX exchange and is worth $ 3.15 million in the eth-USDT negotiation pair.
The funds quoted in the spot eth stock market in the US. UU. They were also added to the bearish impulse with a net exit of $ 5.9 million on March 26. The last time these investment products saw an entrance was on March 4, losing $ 410 million in value this month, according to <a target="_blank" href="https://sosovalue.com/assets/etf/us-eth-spot”>data of Sosovalue.
next
Discharge of responsibility: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to offer precise and timely information, but should not be taken as financial or investment advice. Since market conditions can change quickly, we recommend that you verify the information on your own and consult a professional before making any decision based on this content.
Wahid has been analyzing and informing about the latest trends in the decentralized ecosystem since 2019. He has more than 4,000 articles in his name and his work has appeared in some of the main media, including Yahoo Finance, Investing.com, Cointelegraph and Benzinga. In addition to informing, Wahid likes to connect the points between Defi and Macro in his bulletin, monk in the chain.
