Ethereum News: Delay of Pectra Upgrade and Launch of Hoodi Testnet

Ethereum developers have announced a delay in the highly anticipated Pectra upgrade, pushing it back to April/May for further testing. In the meantime, they have launched the third testnet, Hoodi, which is set to play a crucial role in determining the timing of the mainnet upgrade.

Ethereum Delays Pectra Upgrade, Launches Third ’Hoodi’ Testnet

Ethereum developers have delayed the Pectra upgrade to April/May for further tests. The Hoodi testnet, set to launch on March 17th, will determine when the upgrade goes live on the mainnet. The testnet aims to monitor bugs previously reported during the Holesky and Sepolia testnets, and will enable testing of validator exits, which is currently impossible on Holesky due to a long exit queue.

Ethereum (ETH) Price Prediction for March 14

The current price of Ethereum (ETH) is $1,920, showing a mixed sentiment among investors. A modest increase of 1.82% in the last 24 hours indicates short-term buying interest. However, the 25.81% decline over the past 30 days suggests an overall bearish trend. The RSI of ETH is in a neutral zone, neither overbought nor oversold at the moment.

Ethereum Price Prediction – Netflows and Key Levels to Watch

At the time of writing, Ethereum’s [ETH] price movement signaled uncertainty as on-chain metrics and trading data revealed mixed sentiment among investors. Exchange netflows suggested that accumulation was underway, while liquidation zones hinted at resistance levels that could dictate ETH’s next move. Investors appeared to be positioning for a potential rally, but key barriers need to be cleared for sustained upside momentum.

Ethereum Price Recovers, But Slump to $1,500 Looms

The Ethereum (ETH) price is staging a tentative rebound on Friday as risk appetite improves across crypto and traditional finance markets. However, ETH remains in a medium-term downtrend, last trading just above $1,940. The price has fallen more than 50% from its multi-year highs near $4,200 in December, largely due to broader financial market sentiment turning worse over the past three weeks. Markets are concerned about the Trump administration’s policies of short-term economic pain for long-term growth, including aggressive deficit spending cuts.