Tezos Implements Tallinn Upgrade, Reducing Block Time to 6 Seconds
- Protocol Upgrade: Tezos implemented its 20th protocol upgrade, Tallinn, on Saturday, reducing base layer block times to 6 seconds, which not only enhances network finality speed but also lowers storage costs and latency, improving overall network performance.
- Validation Mechanism Optimization: The upgrade allows all network validators, known as “bakers,” to attest to every block rather than a subset, achieved through BLS cryptographic signatures, significantly lightening the load on nodes and enabling further reductions in block time.
- Storage Efficiency Improvement: The newly introduced address indexing mechanism removes redundant address data, improving storage efficiency for applications running on Tezos by a factor of 100, optimizing resource utilization and supporting a wider range of applications.
- Enhanced Market Competitiveness: By increasing transaction processing speeds and reducing settlement times, Tezos' latest upgrade showcases its competitiveness in the rapidly growing blockchain market, capable of meeting the rising demand for transactions and diverse use cases.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 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 | 1675.06 | 1786.15 | 1885.49 | 1996.58 | 2095.92 | 2207.01 | 2306.35 |
| Fibonacci | 1786.15 | 1866.534 | 1916.196 | 1996.58 | 2076.964 | 2126.626 | 2207.01 |
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