Ethereum's Glamsterdam Upgrade to Raise Gas Limit to 200 Million
- Gas Limit Increase: Ethereum's gas limit will rise from 60 million to approximately 200 million, representing a more than threefold increase in L1 execution capacity, with a further doubling expected shortly after, significantly easing pressure on the mainnet.
- Fees Near Zero: If network demand does not rise at a similar pace, Ethereum mainnet gas fees could remain near zero for years, providing a more attractive trading environment for users and promoting broader network adoption.
- Synergistic Innovations: The upgrade integrates Enhanced Proposer-Builder Separation (ePBS) and Block-level Access Lists (BALs), allowing for more efficient payload processing during block production, thereby enhancing execution efficiency and reducing potential security risks.
- Balancing Security and Efficiency: The introduction of gas repricings ensures the technical safety of the higher gas limits, mitigating the risk of exploitation or instability, and this coordinated rollout of technological innovations lays a solid foundation for Ethereum's scalability.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 2009.703 | 2115.031 | 2213.083 | 2318.411 | 2416.463 | 2521.791 | 2619.843 |
| Fibonacci | 2115.031 | 2192.722 | 2240.72 | 2318.411 | 2396.102 | 2444.1 | 2521.791 |
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