According to an analyst from IntoTheBlock, the update scheduled for March 5 may help alleviate long-term selling pressure.
☁️ "By reducing the overhead for consensus and increasing L2 scalability, it will expand the overall capacity of the network, thus enhancing its competitive advantage," said the expert.
The Ethereum Improvement Proposal (EIP)-7251 will also increase the validator staking limit from 32 ETH to 2048 ETH, making it easier for validators to merge their earnings.
↗️ A monthly correction of more than 32% could mean that the price of ETH is already ready for the next phase of growth based on the fractal models of the 2017 cycle.
