MegaETH mainnet to launch Feb. 9 after clocking 35K TPS in testing

💡 DMK Insight

Ethereum just hit a milestone with 10.7 billion transactions during MegaETH’s stress test, and here’s why that matters: This unprecedented volume not only showcases Ethereum’s scalability but also signals growing confidence in its infrastructure. For traders, this could mean increased volatility and trading opportunities, especially if ETH maintains momentum above the $2,900 level. Watch for potential resistance around $3,000, which could trigger profit-taking or further buying pressure. The broader market context suggests that as Ethereum improves its transaction capacity, it may attract more institutional interest, potentially lifting prices further. However, it’s worth noting that such high transaction volumes can lead to network congestion and increased gas fees, which might deter smaller retail traders. Keep an eye on the gas fee metrics and transaction speeds, as these could influence trading behavior in the short term. If ETH can hold above $2,900 and break through $3,000, it could set the stage for a bullish run, but any pullback below $2,800 might trigger a reevaluation of positions.