Ethereum Upgrades Aim to Boost Speed and Security, While Bitcoin Halving May Lift Prices
• Ethereum prices tend to follow Bitcoin's long-term trends, so the upcoming Bitcoin halving event in 2024 should lift Ethereum as well.
• Ethereum is upgrading to boost speed via sharding and reduce validation times down from 15 minutes.
• Additional planned upgrades aim to improve security, replace externally owned accounts, and make Ethereum "stateless".
• Ethereum has a head start on rivals like Avalanche and Cardano, with greater developer interest and inertia.
• However, the competition should drive Ethereum to keep innovating and improving to maintain its dominance.