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<div class="coinjournal">
 <ul>
 <li dir="ltr">Ethereum core developers activated Dencun upgrade on Holesky testnet on February 7, 2024.</li>
 <li dir="ltr">Holesky is the final testnet before mainnet deployment.</li>
 <li dir="ltr">ETH price rose slightly on Wednesday morning to trade above $2,370.</li>
 </ul>
 Ethereum has activated the Dencun <a rel="noopener noreferrer nofollow" title="upgrade" href="https://thebittimes.com/tag/upgrade.html">upgrade</a> on the Holesky <a rel="noopener noreferrer nofollow" title="testnet" 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" data-width="500" data-dnt="true">
 Holesky 🤝&nbsp;blobs Dencun is live on the Holesky <a rel="noopener noreferrer nofollow" title="testnet" href="https://thebittimes.com/tag/testnet.html">testnet</a>! N<a rel="noopener noreferrer nofollow" title="ETH" 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" title="testnet" 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" title="testnet" 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 dir="ltr" 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" target="_blank" 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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