Ethereum: Merge on Sepolia
Ethereum is taking another step towards a merger, a path that will take it from a Proof of Work system to a Proof of Stake system, which should improve scalability and costs. After the first successful tests, it was the turn of one of the most important test networks in the ecosystem, namely Sepolia. According to the reports of specialists and technicians, the transition went well, with the exception of minor and apparently solvable problems during the production of blocks by the validator. So, everything is in order for a pass that takes the ecosystem to the next level.
And all this despite the fact that, at least to a certain extent, disputes continue over delays in the transfer of powers, which, in truth, have never reached such a level of development before.
“At the moment, there is no transition to Goerli, and then we will try to implement “everything for everything” on the mainnet when everything is ready and when, beyond any reasonable doubt, it will be possible to make a painless transition from PoW to PoS, with all that this will entail for the network.”, — stated in Ethereum.
This transition is not to everyone’s liking, but at this stage in the history of Ethereum, it has become almost mandatory, causing some controversy even among specialists, for the next step, which, however, will be crucial for Ethereum to retain its central role in the world of DeFi, as well as ancillary services on the chain.
The final dates have not yet been determined
Although many have already ventured to name possible dates for the last step, the truth is that, although we should already be close to it, we will still have to wait before a date that can be taken seriously is named.
Meanwhile, things are going smoothly, which is a sign that we may indeed be close to a controversial breakthrough for the world of Ethereum and all dApps and services built on its basis.
ETH — $1000, support for a new takeoff?
But, in the meantime, a welcome change is taking place in the heart of the crypto asset bear race. According to Coinmarketrate.com For the second week in less than a month, ETH is trying to reach a new high to avoid the threat of falling below the $1,000 support level. Although at the time of writing it is trading above this critical level, the margin of safety for growth is still small. Not a single grain of sand should get into this fragile mechanism, no matter what source it comes from.
As the ETH price seems to have taken a pause, sellers are hesitant to land a final blow below the levels that helped launch the recent bullish wave.
Between holding your short positions and cashing out part of the profit and then returning to the charge, it is worth solving the equation. It follows that it is important not to make a mistake by ignoring the technical uptrend that many investors cling to.