The Ethereum Foundation has announced that the Hoodi testnet is now live. The Ethereum Prague upgrade will be deployed on the Hoodi testnet next Wednesday.
As long as the deployment process goes smoothly, the Ethereum upgrade will be successful.
Previously, the so-called testnet deployment failed, and it failed twice in a row, causing Ethereum's price to drop instead of rise, and expectations were even suppressed to a very low level at one point.
Now, in the testnet, the bugs that appeared in Holesky and Sepolia have been fixed, and a new testnet, Hoodi, has emerged. As long as there are no more bugs after the deployment this Wednesday, $ETH may soar and rise to its maximum limit. If successful, this would be a significant positive for the current circle; if it fails, that's okay, the price can adjust and we will see.
As of now, there has been a synchronous rebound, which has already broken through the previous high around 2070. The next strong resistance will be at 【2125-2135】.
