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After the Altair update, Ethereum (ETH) establishes a new ATH

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The price tag of Ethereum (ETH) on the morning of October 29 reached the milestone of $ four,405, setting a new all-time large.

After the Altair update, Ethereum (ETH) establishes a new ATH

On the morning of October 29, the price tag of Ethereum (ETH) took a staggering rise to attain $ four,405 on the Binance exchange, consequently establishing a new ATH. The prior record for this coin was $ four,375 on October 21st.

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1D chart of the ETH / USDT pair on Binance at eleven:fifty five am on October 29, 2021

The principal issue driving the ETH price tag to new highs was the Altair update, which was effectively implemented on October 27th.

As reported by Coinlive, Altair is the initial key Ethereum two. update due to the fact it was rolled out in early December 2020. Altair will assistance lay the groundwork for “The Merge” occasion – by merging the two Ethereum one. blockchains (employing the ‘current Proof-of-Work) and Ethereum two. (employing Proof-of-Stake) in 2020. 2022 or 2023.

Ethereum growth roadmap in the 2nd half of 2021 and 2022 (provisional). Source: Trent Vanepps on Twitter

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