Over the past five days, the largest altcoin by capitalization has grown by 26%
The cost of Ethereum on the BINANCE crypto exchange reached $2.66 thousand, updating the historical maximum. Altcoin last updated its maximum value on April 22, at the level of $2.64 thousand. The very next day, Ethereum quotes fell by 18%. This happened against the backdrop of a fall in the bitcoin rate, which fell by 11% on the same day. In five days, the largest altcoin in terms of capitalization grew by 26%.
Over the past week, on the Ethereum network, according to the analytical service Etherscan, the average transaction fee decreased by 80% - from $11.3 to $ 2.2. This happened after the release of the Berlin hard fork. The update took place on April 15 and included four proposals for improving the blockchain as part of the network update to version 2.0. In particular, the hard fork consisted of proposals EIP-2565 and EIP-2929 (changing the algorithm for calculating the cost of transaction fees on the network), as well as EIP-2930 and EIP-2718, which introduce new types of transactions.
After the release of the hard fork, the Ethereum network crashed when trying to sync with the OpenEthereum nodes. The next day, the developers released a small update that normalized the network.
