Ethereum Is Jumping Today-Here's Why
Ethereum (CRYPTO: ETH) is up 3.4% in the last 24 hours as of 1:54 p.m. ET on Wednesday. The move comes as the S 500 rose 0.4% and the Nasdaq Composite gained 0.2%.
Ethereum's Fusaka upgrade goes live today, the latest major update to the coin's network. In the past, similar overhauls have led to a rally.
The Fusaka update introduces several key improvements, including an increased gas limit that will expand transaction capacity. Critically, the upgrade refines how Ethereum interacts with layer-2 networks -- blockchains that work on top of the mainnet. Layer-2 solutions greatly enhance Ethereum's ability to scale efficiently, but Fusaka is designed to make these interactions even more cost-effective. That's key for Ethereum's continued dominance as the smart-contract blockchain of choice.
Source Fool.com
