Ethereum Advances with Network Upgrades and Price Surge Ahead of 10th Anniversary

Further updates on Ethereum reveal support from Vitalik Buterin for increasing the network's gas limit, with some blocks seeing growth from 36 million to 39 million units, and nearly half of validators backing a target of 45 million. Developers have tentatively scheduled the Fusaka upgrade for November, aiming to improve scalability, smart contract reliability, ease of development, and transaction efficiency, potentially doubling the gas limit contingent on network performance. Meanwhile, Ether Machine, led by Andrew Kisse of ConsenSys, is launching Ether Reserve through a merger with a shell company, raising $800 million from notable investors with a target of $1.6 billion. The Ethereum price has surpassed $3800, with ETH/BTC crossing above 0.03 for the first time since January, and Fundstrat predicts a value of $15,000 based on their valuation model. Ethereum is also approaching its 10th anniversary on July 30th, with commemorative NFT tokens in the works.