'Ethereum Is Going Hard': Vitalik Buterin Backs Censorship Resistance Upgrade

💡 DMK Insight

Ethereum’s upcoming upgrade could shake up market sentiment—here’s why you should care: The scheduled upgrade, touted by Vitalik Buterin as a reinforcement of cypherpunk principles, might attract both positive and negative reactions from traders. On one hand, it could enhance network security and scalability, potentially driving ETH prices higher. On the other hand, any perceived risks or technical issues could lead to volatility, especially given ETH’s current price of $1,973.33. Traders should keep an eye on how this upgrade aligns with broader market trends, particularly as Ethereum competes with other smart contract platforms. Look for key resistance levels around $2,000 and support around $1,900. If ETH breaks above $2,000, it could signal a bullish trend, while a drop below $1,900 might trigger sell-offs. Pay attention to market sentiment leading up to the upgrade, as it could influence trading strategies significantly, especially for swing traders looking to capitalize on short-term movements.