The long -awaited Pectra upgrade from ETHEREUM has taken a big step forward as it was tested on the Hodi test network. This represents a critical stage before the official upgrade on Mainnet’s ethereum. If things go well, the developers expect to walk in the next 30 days. With the final Pectra test in the movement, experts believe that the ETH price will witness an increase in prices.
The final test of Bakra on Hodi
Hoodi Testnet is the last three test networks to run Pectra upgrade. The first two tests, on Holsky and Cibulia, faced technical problems, making this final test matter very important.
During, Ethereum developers Hoodie has been created to ensure repair of all errors and that the ETHEREUM network is working smoothly before the upgrade is officially released. Thus, Pectra aims to improve the ETHEREUM user experience by submitting the functions of the wallets.
This means that users may soon be able to pay transaction fees using encrypted currencies other than ETHER (ETH), which makes transactions more flexible and easy to use.
Why is Testnets important?
Testnets, like Hoody, serves as training reasons for the main Blockchain uplines. Developers use it to check the presence of errors and prevent any problems before starting new updates on the main ETHEREUM network.
If the Hoody test is run without problems, Betra will closely monitor for 30 days before its official launch.
ETHEREUM price expectations
While the network upgrade is gaining attention, the price of Ethereum was also making waves. Last week, ETH has recovered approximately 7 % of the support level of $ 1,861, which is currently About $ 2025 trading.
If it maintains this momentum, Ethereum may aim at its peak on March 7 of $ 2258. However, in order to happen, the RSI index (RSI) must move beyond 39 and cross the score of 50 neutral.
The additional market feelings show signs of improvement, as the long/short/short -short ratio of 1.2287, indicating that long situations exceed the short pants by 55 %. This indicates a strong purchase interest, which can help Ethereum in maintaining its upward path.
