Ethereum Breaks $3,300 as Developers Confirm July Launch for Dencun Upgrade on Mainnet

Ethereum ($ETH ) has rallied past $3,300, following the announcement that the highly anticipated Dencun upgrade will go live on mainnet in July 2025. This upgrade is expected to enhance scalability and significantly lower Layer 2 transaction fees.

The Dencun upgrade will introduce proto-danksharding (EIP-4844), a major step toward Ethereum’s long-term roadmap of becoming more scalable and cost-effective. Layer 2 networks like Arbitrum (ARB) and Optimism (OP) are also seeing price gains as a result, with both up over 8% in the last 24 hours.

This news has sparked renewed interest among both retail and institutional investors, pushing $ETH closer to its next resistance level near $3,500.

Highlights:

ETH crosses $3,300 amid upgrade news.

Dencun upgrade set for July 2025.

Layer 2 coins rally in anticipation.

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