Ethereum

bullish

Resistance

<ul> 
 <li aria-level="1">Mekong will allow developers to test changes, including several Ethereum Improvement Proposals enhancing user experience and staking.</li> 
 <li aria-level="1">The “Pectra” update is split into two phases to minimize risks, starting with crucial optimizations to the Ethereum network.</li> 
</ul> 
The Ethereum Foundation recently introduced “Mekong,” a new test network, set to pave the way for the major “Pectra” upgrade scheduled for early 2025. Announced via the Foundation’s blog, Mekong serves as a testing ground for developers to experiment with the forthcoming changes before they are implemented on the main network.&nbsp; 
This enhances user experience and prepares for a two-part update process, with the first phase rolling out in 2025. 
Mekong is designed as a temporary testnet incorporating crucial updates from the Pectra upgrade. It will include various Ethereum Improvement Proposals (EIPs) that focus on optimizing the platform’s functionalities.&nbsp; 
The initiative not only targets developers but also invites stakeholders to familiarize themselves with the operational benefits, particularly in staking processes, making them more accessible and straightforward. 
Tim Beiko, a lead developer at Ethereum, <a href="https://blog.ethereum.org/2024/11/07/introducing-mekong-testnet">highlighted</a> that Mekong’s launch is a prelude to Devcon, Ethereum’s upcoming community conference in Bangkok. This event annually brings together the network’s extensive user and developer community, fostering collaboration and innovation within the ecosystem. 
The <a href="https://www.ethnews.com/ethereum-to-launch-pectra-upgrade-by-q1-2025-what-to-expect/">implementation of Pectra</a> is planned in two segments due to its complexity and the substantial nature of the changes. This phased approach helps minimize risks associated with code errors that could disrupt Ethereum’s infrastructure.&nbsp; 
The <a href="https://www.ethnews.com/pectra-hard-fork-a-closer-look-at-ethereums-next-big-update-and-its-expected-benefits/">first part of Pectra</a>, arriving in early 2025, will focus on introducing eight specific proposals aimed at refining Ethereum’s capabilities. These include improvements suggested by Ethereum’s co-founder, Vitalik Buterin, which are intended to enhance the wallet user experience. 
The <a href="https://www.ethnews.com/ethereum-enhances-user-experience-with-groundbreaking-pectra-update/">second phase of Pectra</a> remains flexible with goals to enhance the Ethereum Virtual Machine (EVM) and integrate PeerDAS features advantageous for Layer 2 networks. By splitting the update into two parts, the development team can concentrate on critical aspects individually, ensuring a smoother transition and robust implementation of new features. 

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Ethereum (ETH) is currently trading at $2,882.0, with a notable daily increase of 5.78%. Over the past week, ETH has risen by 8.46%, and it’s up 18.95% for the month, showcasing strong bullish momentum.&nbsp; 
The trading volume in the last 24 hours stands at $36.01 billion, reflecting robust market interest. Resistance is identified around $3,000, while immediate support is near $2,700. 
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-104118" src="https://www.ethnews.com/wp-content/uploads/2024/11/ETHUSD_2024-11-07_18-48-49.png" alt="ETHUSD_2024-11-07_18-48-49" width="1599" height="959">Technical indicators are bullish, suggesting further upside if ETH can hold above support levels. A break above $3,000 may indicate a continued upward trend, while a pullback could lead to consolidation around $2,700. 
The post <a href="https://www.ethnews.com/ethereum-introduces-mekong-a-new-test-network-ahead-of-the-major-pectra-upgrade-planned-for-early-2025/">Ethereum introduces “Mekong,” a new test network, ahead of the major “Pectra” upgrade planned for early 2025</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

Ethereum introduces “Mekong,” a new test network, ahead of the major “Pectra” upgrade planned for early 2025

ETHNews

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