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ETH Falls Below $4,000 Mark After Dencun Upgrade

Mary Liu

Summary: According to blocknative data, the Ethereum Dencun upgrade has been finally confirmed on epoch 269568, marking the successful completion of the Dencun upgrade. This upgrade adopts EIP-4844, which introduces Type 3 transactions (blobs), bringing new opportunities to Layer 2 networks to optimize how they settle with the base layer. After the upgrade, ETH encountered resistance ...

According to blocknative data, the Ethereum Dencun upgrade has been finally confirmed on epoch 269568, marking the successful completion of the Dencun upgrade.

This upgrade adopts EIP-4844, which introduces Type 3 transactions (blobs), bringing new opportunities to Layer 2 networks to optimize how they settle with the base layer.

After the upgrade, ETH encountered resistance near the $4,100 mark and successively lost the key position of $4,000. As of press time, the trading price was $3,988.90, a 24-hour increase of 1.36%.

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