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ETH Price Plummets as Testnet Issues Threaten Pectra Upgrade

  • Ethereum's price has fallen by over 15% in the past week and 52% annually.
  • The upcoming Pectra upgrade could potentially increase Ethereum's fundamentals and drive ETH price to new highs.
  • Testnet issues are currently delaying the mainnet launch of the Pectra upgrade, raising concerns about increased volatility for Ethereum.
  • Industry observers warn that Ethereum is losing its position as the go-to chain for builders, and Pectra may not be the solution to its deeper issues.

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