Ethereum Crosses $3K In Build-Up To Upcoming Dencun Upgrade

• A bullish momentum is building on Ethereum as the Dencun upgrade approaches.
• ETH crossed $3,000 for the first time in nearly two years after a multi-week rally.
• Guy Turner believes the upcoming upgrade is a boost for Ethereum that would enable it to keep up with competitors.

A bullish momentum is building on Ethereum as the blockchain network approaches its next significant network improvement, the Dencun upgrade. In a recently uploaded video, Guy Turner, host of Coin Bureau, highlighted the upgrade’s potential impact on some of the renowned Layer-2 protocols on Ethereum.

According to Turner, the upcoming upgrade is a data availability improvement that introduces Proto Danksharding to Ethereum. He noted it as a process that Ethereum will use to break its blockchain into smaller portions to provide faster and cheaper transactions.

Meanwhile, the Coin Bureau host also considers the upcoming upgrade a boost for Ethereum that would enable it to keep up with competitors. Turner believes it would free Ethereum from the existing setbacks of slow transactions and low scalability. Hence, he thinks the Dencun upgrade will have a bullish impact on several Ethereum …

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