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The London Hard Fork of Ethereum: What You Need to Know and What To Expect

Containing numerous Ethereum Improvement Proposals (EIPs), including the vital 1559 and 3554, it’s worth exploring the key features of the upcoming London hard fork and how it could change the Ethereum network.

Although it was initially scheduled to take place in July, a more recent statement from an Ethereum developer asserted that the London hard fork will occur on August 4th, 2021.

Why does the Ethereum Blockchain need improvements?

Launched in 2015, the Ethereum network’s utilization has grown massively in the next six years as it’s arguably the most used blockchain in the space today. It is now the home to many stablecoins, numerous NFT and DeFi project, and its native digital asset which happens be the second-largest cryptocurrency in terms of market cap.

This utilization however, brought significant obstacles for the current proof-of-work algorithm. Those included delayed transactions and unreasonably high fees reaching four digits in USD on some extreme occasions.

The developers who worked on the ETH blockchain realized this and decided to make the network proof-of-stake. It’s a complicated process that will take years to develop, test, and implement before it can be completed.

They haven’t abandoned PoW networks and suggested several hard forks to improve their performance.

Istanbul and Berlin, then London

After the Istanbul and Berlin hard forks, now it’s time for the next one with a code name ‘London’ (named after the second annual developers’ conference in 2015).

Initially scheduled to take place in July 2021, its progress was going well as it had launched on several testnets, with the latest one being Ropsten.

However, it was delayed, and Ethereum developer Tim Beiko announced earlier this week that it’s expected to take place on August 4th between 13: 00 UTC and 17: 00 UTC at block number 12,965,000.

The London hard fork will contain several EIPs, most notable of which are 1559 and 3554. Each proposal must follow the guidelines in

, as explained in EIP-1.

“The EIP should provide a concise technical specification of the feature and a rationale for the feature. The EIP author is responsible for building consensus within the community and documenting dissenting opinions.”

EIP-1559 aims to reduce transaction fees through a somewhat controversial method. Instead of the user having to send a gas fee to a miner for the transaction to be included in a block, EIP-1559 proposes that gas fees to be sent to the network.

eip1559tip
EIP-1559: Gas to be sent to the network instead of miners. Source: BitMEX blog

This new pricing system will reduce Ether (ETH) supply by burning the fee. Each block will have a different base fee. It will depend on the network congestion, as if one block is 50% or more full with transactions, the fees will increase, and vice-versa.

EIP-3238, on the other hand, will target the difficulty time bomb. This is a feature that makes mining Ethereum more difficult. It is a goal for mining to become so difficult that miners will be forced to move to Ethereum 2.0.

eth-dif-2021
ETH difficulty long-term chart. source: Etherscan

At the moment, however, the network will not reach this point due to the difficulty. Initial plans indicated that EIP-3238 would delay the so-called time bomb until the second quarter of 2022. However, the more recently proposed EIP-3554, whose review period ends on July 14th, would postpone the difficulty bomb “to show effect the first week of December 2021.”

The developers explained the motivation behind EIP-3554 as follows:

“Targeting for the Shanghai upgrade and/or the Merge to occur before December 2021. Either the bomb can be readjusted at that time or removed altogether.”

The Controversy

While the aforementioned proposed upgrades might sound like a move in the right direction for most, not all parties are happy, especially with EIP-1559. The deflationary effect of burning fees on the second-largest cryptocurrency would be essentially caused by the charging of fees. Despite this being a potential boost to ETH’s value assets due to its lower supply, it will also reduce the profits of miners.

And, Ethereum mining has indeed been a lucrative business, with profits surging to new highs in the past year or so. This could change after the London hard fork. Users will still be able to “tip” miners if they wish.

Somewhat expectedly, many mining companies opposed the implementation of EIP-1559. Others argued that even though EIP-2656 – which lowers gas costs of transactions using modular exponentiation (ModExp) – should enhance the network’s security and practically, there would be some potential issues on that front.

Additionally, a recent report by CoinMetrics asserted that EIP-1559 might not help with reducing the gas fees at all. The report stated that high transaction costs are “fundamentally an issue of scaleability” and will continue to rise as long as dApp use continues to increase, which is the current trend.

The paper instead suggested a possible solution that could be used until Ethereum 2.0 is released. This comes from Layer-2 scaling networks, as many blockchain projects have already launched such products.

In any case, the London hardfork is one of the most anticipated events this year in cryptocurrency and will most likely have an important impact on Ethereum’s widely used blockchain.

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Ethereum

Is Ethereum (ETH) The Most Obvious Trade in 2025?

TL;DR

  • ETH is the subject of multiple optimistic predictions, with some well-known analysts forecasting a rise to a new ATH soon.
  • Rising spot ETH ETF inflows reflect growing institutional interest and bullish momentum. However, recent positive exchange netflows hint at possible sell pressure ahead.

Is ETH the Right Horse?

Ethereum (ETH) has rebounded from the multi-year low of under $1,400 in April and currently trades at well above $2,500. 

Its resurgence brought back optimism among industry participants, with many viewing it as an attractive investment opportunity. The X user Crypto Rover (who has over 1.2 million followers) recently argued that ETH “is the most obvious trade in 2025.” 

$ETH is the most obvious trade in 2025! pic.twitter.com/NhywHpRnzT

— Crypto Rover (@rovercrc) June 19, 2025

He claimed the asset’s latest rally resembles the one from 2020, which continued until the end of 2021 when the price reached an all-time high of just south of $5,000. 

Crypto Caesar touched upon ETH’s positive performance in the past hour, summarizing that “it’s looking good for now.” The analyst urged investors to remain patient, claiming that only the potential outbreak of World War III could derail the bullish momentum.

Crypto Fella believes ETH’s next rally is a matter of when not if. The X user envisions new peak levels ahead, though the price may dip before heading higher.

Those willing to explore additional recent forecasts involving Ethereum can refer to our dedicated article here.

What Are the Indicators Signaling?

Over the past several weeks, there has been an evident influx of capital toward spot ETH ETFs. Data compiled by SoSoValue shows that the last day when the netflow was negative (outflows exceeding inflows) was on May 15.

Spot ETH ETF Inflows
Spot ETH ETF Inflows, Source: SoSoValue

The development generally indicates that a rising number of investors have been buying shares of these funds, showcasing their confidence in the asset. Spot ETFs hold actual ETH, so these purchases can benefit the bulls. 

Nonetheless, it’s not all sunshine and roses. The Ethereum exchange netflow has been predominantly positive in the last few days, suggesting that some investors have moved their holdings to centralized platforms. This is typically considered a pre-sale step and might have a negative influence on the valuation.


ETH Exchange Netflow
ETH Exchange Netflow, Source: CryptoQuant
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Ethereum Price Analysis: ETH Consolidation Continues as Bullish Momentum Starts to Fade

Ethereum has entered a consolidation phase after a strong rally in the last couple of months. The price has been ranging between key support and resistance zones, with multiple failed attempts to break above the $2,700–$2,800 region.

Despite the lack of immediate trend continuation, on-chain fundamentals such as exchange reserves hint at significant structural shifts. This sets the stage for potential volatility ahead as the market prepares for its next directional move.

Technical Analysis

By ShayanMarkets

The Daily Chart

On the daily timeframe, ETH remains inside an ascending channel, consistently finding support around the $2,400 area while struggling to break above the $2,800 mark.

The upper boundary of this channel, combined with the 200-day moving average and a key order block formed in February, is acting as a heavy resistance element. Each test of this level has led to a rejection, but so far, the structure hasn’t broken down, indicating that bulls are still in control for now.

Momentum, however, is weakening. The RSI hovers around the midline at 51, reflecting indecision and a lack of strong directional drive. If ETH can reclaim the upper range and flip the $2,700–$2,800 area into support, it could initiate a new leg higher toward $3,000 and above. On the flip side, a breakdown below $2,400 would shift the bias bearish, exposing the $2,150 support zone.

The 4-Hour Chart

Zooming in on the 4H chart, ETH is still grinding within the same rising channel. After the recent drop from $2,875 to $2,430, the price retraced into the 0.5–0.618 Fibonacci zone, but has been rejected to the downside and is now consolidating below it. This area, between $2,600 and $2,700, has repeatedly acted as a supply zone, rejecting bullish attempts multiple times. For short-term traders, this remains the key level to flip.

Until this resistance breaks, ETH may continue its range-bound behavior. The RSI has recovered slightly from oversold conditions, now sitting near 52. While this suggests a slight uptick in momentum, there’s still no clear sign of bullish dominance. If the bulls fail to break above this key fib zone soon, another drop toward the lower boundary of the channel near $2,400 is likely.

Sentiment Analysis

One of the most important long-term signals for Ethereum remains the consistent downtrend in exchange reserves. Currently sitting at 18.8 million ETH, this is one of the lowest levels in recent history. Exchange reserve data indicates how much ETH is held on centralized trading platforms, meaning a downtrend signals that coins are being withdrawn into self-custody, staking, or cold wallets.

Historically, sustained drops in exchange reserves suggest a supply squeeze narrative building beneath the surface. Fewer tokens on exchanges reduce the available selling pressure and can lead to explosive upside when demand rises.

Even as ETH struggles to break out technically, this silent accumulation phase shows confidence among long-term holders. If this trend continues, it may act as a powerful tailwind once technical resistance levels are finally breached.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Ethereum

Trump-Tied Company Files for Dual Bitcoin and Ethereum ETF Product

Trump Media & Technology Group (TMTG), parent company of Truth Social, has partnered with investment firm Yorkville America Digital to file for a spot bitcoin and ethereum exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Truth Social Owner Seeks Approval for 3:1 Bitcoin-Ethereum ETF The “Truth Social Bitcoin and Ethereum ETF…
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