Conducted by Bitcoin, Ether (ETH) continues to drive forward new all-time highs with a great deal of the broader crypto-currency market on Wednesday as the coin price is flirting with the $2,400 range, the first time.
The Ethereum network is expected to be updated on a block number 12,244,000 the next day or so. At the time of making the blockchain was at 12,237,070. The update will land on April 15 at approximately 12:00 (UTC+1) based on the existing average block times of 14 seconds. The upgrade — known as “Berlin” — will incorporate various technological improvements that will increase the cost-efficiency of the network.
According to the aggregator data from CoinMarketCap, the Ether coin price peaked at $2,397 on a series of exchanges on April 14, following a 10.8 percent increase of 24 hours. Ether’s growth throughout the week is 22.4%, while the prices of coins are up 110% for the quarter now – a statistic that is noteworthy in the late Altcoin industry under far less explosive circumstances.
A hard fork — an irreversible transition to a blockchain protocol — will be used for the upgrade in Berlin. The hard fork is undisputed, because no ideological disagreements within the group contribute to the formation of a new fork.
Ether is not affected by hard fork keeping in wallets or exchanges; although, it is a must for miners and node operators of the coin to upgrade their software to sync with the new version of the chain. EtherNodes.org data indicate that 72 percent of Ethereum customers are ready for the hard fork to Berlin.
Speculation on the short term possible price shifts of Ether ranged from very positive (and certainly “not insane”), to cautious and calculated.