Ethereum Tuesday

15th  June 2021 | ZebPay Trade-Desk
A much-awaited event, the Ethereum protocol upgrade proposal (EIP-1559), which promises us to provide an improved transaction process and to streamline the experience of the user by decreasing the transaction costs and making it much simpler and easier to determine fees in a less stressful and wasteful manner, is also due very soon.

At the time of writing, ETH is trading at $2,618 and has surged almost 16% from its recent low of $2,258.3. Technically on the daily time frame, ETH is making ‘Higher Highs Higher Lows’ formation. The asset can face some stiff resistance around $,2640, if the price breaks and trades above these levels we can expect the prices to rally up to the next resistance which is at $2,950.

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