Ethereum is going berserk with upgrades. Just after the Pectra upgrade, co-founder Vitalik Buterin is looking to make changes and see how the node synchronizes with the network, so that an average user could run Ethereum nodes using regular computer hardware.
A full node can come in handy as it has a copy of the whole ecosystem, and it would serve as a local server. Moreover, with a full node, users can “read the chain in a trustless, censorship-resistant, and privacy-friendly way,” stated Buterin. However, having a full node means storing over 1.3 gigabytes of data, which is impossible without hardware or cloud resources. And on top of that, normal people won’t be affordable.
Bingo! ETH hits the jackpot
As a solution to this problem, Ryan Yoon, senior analyst at Tiger Research, told a prominent crypto media, “Instead of storing all blockchain data, nodes would only keep the portions they need, while historical data older than 36 days gets distributed across multiple nodes for shared storage.”
ETH/USDT 1Day chart (Source: Tradingview)
Bears are out there to get you!
After a series of making higher lows, Ethereum finally seems to have run out of its bullish momentum as the token is struggling to make another higher low. The RSI line has fallen below the signal, indicating that the token is performing below par. Since the selling pressure is heaping in ETH could look for support near $2,190 as shown by the green broken line. The above-mentioned support level crosses with the SMA of the Bollinger bands, adding more weight to the price looking for support near the mentioned support level. However, will the bulls be able to turn it around for ETH, or is it going to continue its downtrend?
