Ethereum is having a pretty solid run right now, holding steady above $4,400 for the whole day. At around $4,402 , the second biggest cryptocurrency is getting a lot of attention from big money players who seem to really like what they’re seeing. It’s not just retail traders anymore – serious institutional investors are jumping in with both feet.
The network itself is going through some major changes too. The Ethereum Foundation just announced they’re shutting down their biggest testing network called Holešky after the upcoming Fusaka update. This testnet has been running for about two years and helped test tons of important upgrades, but now it’s time to move on to newer testing systems.
Speaking of upgrades, the Fusaka hard fork coming in November looks pretty exciting. It’s supposed to make things way faster and cheaper, especially for those layer-2 solutions that everyone’s been talking about. Basically, it should help the network handle way more transactions without breaking a sweat.
What’s really interesting is how Wall Street types are treating Ethereum differently than Bitcoin these days. Some are actually skipping Bitcoin entirely and going straight to Ethereum as their first crypto investment. BlackRock alone put $3.38 billion into Ethereum ETFs last month, which is way more than they put into Bitcoin. That tells you something about where the smart money thinks things are heading.
Conclusion
With major upgrades coming and institutional money flowing in, Ethereum seems well-positioned despite technical charts showing some uncertainty about short-term direction.
Also Read: Ethereum Shows Potential Price Surge
