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<div class="coinjournal"><ul><li>Ethereum core developers activated Dencun upgrade on Holesky testnet on February 7, 2024.</li><li>Holesky is the final testnet before mainnet deployment.</li><li>ETH price rose slightly on Wednesday morning to trade above $2,370.</li></ul>Ethereum has activated the Dencun <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/upgrade.html">upgrade</a> on the Holesky <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/testnet.html">testnet</a>, going live approximately 6:35 am ET on Wednesday, February 7.Nethermind, an Ethereum execution client, confirmed Dencun’s deployment on the Holesky testnet.<blockquote class="twitter-tweet">Holesky 🤝&nbsp;blobs Dencun is live on the Holesky <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/testnet.html">testnet</a>! N<a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/eth.html">ETH</a>ermind nodes are green 🟢Mainnet, you’re next 🔜 pic.twitter.com/ZoQqxX4jnb— Nethermind (@NethermindEth) February 7, 2024</blockquote>With this milestone, Ethereum has moved closer to proto-danksharding (EIP-4844), which targets network improvements on the execution and consensus layers. &nbsp;EIP-4844, with blobs of data processing, targets scaling the network and lowering transaction costs for ETH dApps. It’s a significant development that could potentially boost the network and Layer 2 Rollup chains.The implementation is the final <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/testnet.html">testnet</a> before the mainnet activation and comes after the deployment on the Goerli and Sepolia <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/testnet.html">testnet</a>s on January 17 and January 30, 2024 respectively. The date for mainnet activation for Dencun will be announced after a core devs call later today.<h2 id="ethereum-price">Ethereum price</h2>ETH price reacted slightly upward following the successful activation of Dencun on Holesky.&nbsp;At the time of writing, the cryptocurrency traded near $2,370, about 2% up in the past 24 hours. ETH has been ranged since the breakdown from highs near $2,700 in January.However, analysts are bullish on Ethereum price as crypto eyes solid upside momentum in the next 12-24 months. Recently, analysts at Standard Chartered Bank said ETH could rally to $4,000 in May, with the spot Ethereum ETF approval one of the key tailwinds.</div>Source: <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/ethereum-s-dencun-upgrade-deploys-on-holesky-testnet-tbt79165.html">https://thebittimes.com/ethereum-s-dencun-upgrade-deploys-on-holesky-testnet-tbt79165.html</a>

Ethereum’s Dencun upgrade deploys on Holesky testnet

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