Aliens TLDR

All hail Ethereum as the network awaits the ‘Gray Glacier’ upgrade.

The Ethereum network will be undergoing the upgrade at block 15,050,000, which is expected to occur on 29 June.

Earlier on 23 June, Binance revealed that it will be supporting the ‘Ethereum (ETH) Network Upgrade.’ In view of the same, deposits and withdrawals of ETH and ERC-20 tokens will be suspended on the platform starting from 29 June.

It’s worth noting that the announcement by the Ethereum Foundation (EF) didn’t have any impact on ETH’s price action.

Now, on the metric side, the irregular surge in volume reveals that irrespective of ETH’s price action, the token has been actively traded.

Importantly, Ethereum holders need not fret or do anything in the face of the Gray Glacier upgrade.