Termed ‘London,’ the upgrade is expected to take place on block 12,965,000 and is one of the most crucial and anticipated developments to take place on the Ethereum blockchain since its inception in 2015.
Traders placed their bets accordingly: ETH briefly traded above the $2,700 mark yesterday, before seeing a sell-off to the $2,500 level as of press time. It, however, continues to trade above its 34-period exponential moving average and has not broken the uptrend seen since the $1,700 price level, as the image below shows.
