Ethereum: Core Devs Meet in Svalbard

Ethereum core contributors wrapped up a week-long interop event in Svalbard, dubbed Soldøgn, zeroing in on hardening Glamsterdam implementations to scale the network securely. The recap highlights a candidate post-fork gas limit, signaling progress in Ethereum's ongoing upgrades amid sarcastic trader quips like 'ETH to a billion' from @robmsolomon. This aligns with recent pushes in Ethereum scaling solutions, echoing last year's proto-optimistic advancements that boosted layer-2 adoption.

On the 4h chart, ETH trades at $2336.37, hugging the upper Bollinger Band resistance at $2344.86 in a clear bullish structure backed by the EMA50 at $2305.52 and EMA200 at $2257.5 acting as firm supports. Momentum stays solid with MACD at 9.9 confirming a golden cross, while RSI at 62.65 sits neutral—suggesting room for upside before any overbought pullback to the lower band support at $2261.16; watch for confluence here if Bitcoin (BTC) volatility spikes, potentially driving ETH price prediction toward fresh highs in this crypto market update.