🚨#Ethereum #Pectra upgrade tomorrow May 7th 6:05am EST
🔹Exchanges begin sending out information to users.$ETH
Ek San
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🚨Ethereum’s Pectra Upgrade – #Complexity Concerns:
🔹Vitalik Buterin's #Warning : Ethereum co-founder cautions that growing protocol complexity could threaten decentralization. Simplicity should be a core value.
🔹#Pectra Upgrade: Aims to improve scalability (via expanded blob capacity), enhance validator operations, and improve UX.
🔹Whale Activity: Mixed signals—some whales are buying ETH, others shorting or unstaking. One whale is $510K underwater on a 10K ETH short.
🔹Price Movement: ETH is stagnant around $1,846 with low volatility; indicators suggest indecision (RSI at 58, MACD slightly bullish).
🔴#Previous upgrades like Merge and Shanghai showed initial volatility followed by delayed positive price action.$ETH
🔹Vitalik Buterin's #Warning : Ethereum co-founder cautions that growing protocol complexity could threaten decentralization. Simplicity should be a core value.
🔹#Pectra Upgrade: Aims to improve scalability (via expanded blob capacity), enhance validator operations, and improve UX.
🔹Whale Activity: Mixed signals—some whales are buying ETH, others shorting or unstaking. One whale is $510K underwater on a 10K ETH short.
🔹Price Movement: ETH is stagnant around $1,846 with low volatility; indicators suggest indecision (RSI at 58, MACD slightly bullish).
🔴#Previous upgrades like Merge and Shanghai showed initial volatility followed by delayed positive price action.$ETH
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