$ETH Ethereum, the second largest cryptocurrency by market capitalization, continues to evolve through various improvement proposals and developments in its ecosystem. Recently, a significant increase in the gas limit for the Fusaka hard fork has been tested, which could lead to faster and cheaper transactions on the network. Additionally, the anticipation for the "Spectra" upgrade, scheduled for May 7, generates expectations for improvements in scalability and a reduction in gas fees, addressing some of the pain points for Ethereum users. The market has also reacted positively to news about potential Ethereum ETFs, which could attract greater institutional investment. Despite the inherent volatility in the cryptocurrency market, the ongoing development and upcoming updates keep Ethereum as a fundamental platform for decentralized applications and innovation in the blockchain space.
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