Ethereum (ETH) has been showing a positive trend recently. The ETH price is currently above $2,700, with potential for further upside if it manages to break through the $2,755 resistance level. In addition, ongoing developments on the Ethereum network, such as the “Dencun” upgrade implemented on March 13, 2024, have reduced transaction fees on various Layer 2 networks built on the Ethereum blockchain. These developments have increased Ethereum’s efficiency and appeal to developers and users, strengthening its position as a leading blockchain platform.
