Will Ethereum Price Surge or Plunge following EIP-1559? What are the Odds of a Trend Reversal in Days to Come

Will Ethereum Price Surge or Plunge following EIP-1559? What are the Odds of a Trend Reversal in Days to Come

The post Will Ethereum Price Surge or Plunge following EIP-1559? What are the Odds of a Trend Reversal in Days to Come appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The price of Ethereum has risen by 8% in the last 24 hours to about $2,700, in anticipation of today’s major upgrade. With five Ethereum Improvement Proposals scheduled to be integrated into the blockchain’s code today. EIP-1559 is the most widely discussed of these, with the goal of making Ethereum transaction costs more stable. Analyst …