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What is the situation of ETH skyrocketing and plummeting

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what happens when eth goes up and down suddenly

what happens when eth goes up and down suddenly according to eth.co.uk data, Ethereum’s market value is currently 436.8 billion dollars. ETH prices have increased by 14.7% in the past 24 hours

However, due to the impact of some factors, the price of ETH has plummeted recently:

1. The Ethernet network has been under heavy load (for example, no transfer can be made between the exchange and the wallet;

2. Some developers believe that Ethereum 2.0 may take a long Uptime to achieve the desired effect) 3. Many project parties are considering launching new blockchain ecosystems

4. The Ethereum Foundation published a blog article saying that Ethereum is a decentralized financial infrastructure platform. The vision of this project is to establish a global financial infrastructure based on this platform

ETH surged

ETH surged today, with a maximum increase of nearly 15%. The market value of Ethereum exceeded that of Bitcoin early this morning, reaching 5.16 billion US dollars, while ETH rose by 12% It is reported that recently, Ethereum has completed the preparation work for the main network startup and completed a series of important functions such as merging and testing the online cable. According to the official introduction, during this stage, users will be able to engage in transactions through Metamask wallets, participate in pledging, mining, and destroying blockchain based smart contract tokens. The “Wealth” column of the Deep Chain Finance APP aims to present readers with the most comprehensive panoramic analysis of the blockchain industry; welcome everyone to explore

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