Ethereum (ETH) has seen an increase in price after resolving issues with the Pectra upgrade on the Sepolia testnet. The upgrade encountered challenges due to a bug in the deposit contract, but developers quickly fixed the problem. This is the second issue that Pectra has faced on testnets in under two weeks. While concerns were raised, developers assure users that these issues are specific to testnets and will not occur on the mainnet. The recent challenges have raised uncertainty about the planned April deployment of Pectra on the mainnet. Pectra will bring improvements to Ethereum, including sponsored transactions, payment of gas fees with ERC-20 tokens, and increased staking balance limits. Ethereum has experienced significant futures liquidations, and its price has struggled to hold the $2,200 support level. If ETH reclaims a key level and maintains bullish momentum, it could retest resistance near $2,850. However, a close below $2,200 may lead to support near $1,500. The RSI and Stoch indicate bearish momentum but show signs of potential exhaustion among sellers.



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