Assets, Ethereum

Will Ethereum Go Up After EIP 1559?

It’s been a big week for Ethereum. First, the much-anticipated Berlin hard fork went off without a hitch, and now the long-awaited EIP-1559 upgrade is finally on the horizon.

This upgrade is set to go live in July, and it’s expected to have a major impact on the Ethereum network. So, will Ethereum go up after EIP-1559?.

Ethereum has been on a tear lately, and the Berlin hard fork has only made things better. The price of ETH has surged in recent weeks, and it doesn’t look like it’s going to slow down anytime soon.

With EIP-1559 on the horizon, there’s a good chance that Ethereum will continue to rise in price.

EIP-1559 is a major upgrade that will change the way transaction fees are calculated on the Ethereum network. Under the current system, transaction fees are based on gas prices, which can fluctuate wildly.

This often leads to users overpaying for transactions, as they have to bid high gas prices in order to ensure their transaction goes through.

With EIP-1559, transaction fees will be based on the size of the transaction, not the gas price. This will help to stabilize fees and make them more predictable.

In addition, EIP-1559 will also burning a portion of each transaction fee, which should help to reduce ETH supply and drive up prices.

All in all, EIP-1559 is a highly anticipated upgrade that is expected to have a positive impact on the Ethereum network. It remains to be seen how much of an impact it will have on ETH prices, but there’s a good chance that Ethereum will continue to rise in the months ahead.

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