$ETH Last year's upgrade directly halved from 4000
How to play with 1800 this year?
In the first quarter of this year, ETH delivered its worst performance in nearly seven years, on-chain activity has significantly cooled down, transaction fees continue to decline, and the token burn rate is also far from before.
So who is still shouting for Ethereum to rush to the bottom?
This upgrade $ETH has two major focuses: first, the optimization of the staking mechanism, increasing the staking limit for a single validator by 64 times, reducing institutional costs and enhancing security.
Second, the enhanced data availability of Layer 2 can reduce costs and fees, benefiting the dApp ecosystem development.
Although the upcoming Pectra upgrade is highly anticipated, whether this technological innovation can reverse the market still needs time to give an answer.
There are only a few days left until the Ethereum upgrade, yet the market is very calm, but this is often the calm before the storm, and it does not rule out the possibility that the main force is taking advantage of this wave of heat to unload.
Point sharing:
Currently, the small-level rebound pressure for Ethereum is around 1788
If it stabilizes, the rebound will be stronger, with upper targets looking at 1856, 1898, 1950.
It is not considered stable until 1788 stabilizes, with the final defense support for long positions at 1722, and a drop could lead to 1670.
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