Ethereum (ETH) has continued its steady climb of the last couple days, jumping 4% in 24 hours. The second-largest cryptocurrency is now trading for $2,324, according to CoinGecko.

Among the latest news: Ethereum core developers yesterday solidified plans to roll out DenCun—the next upgrade for the network—on testnets beginning in January. This next round of updates will introduce proto-danksharding and so-called data “blobs.”

In really simple terms, they new features are meant to significantly reduce high gas fees and improve the network’s capacity. ETH’s newly buoyant price was enough to convince crypto trader Peter Brandt to reverse his prediction that Ethereum was barreling towards an “immediate price collapse.”

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Author: Mathew Di Salvo

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