Ethereum’s Big Move: Can ETH Break $4K with a Gas Limit Boost? 🚀💰

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July 20, and the Ethereum blockchain network is feeling rather peppy! 🎉 More validators are jumping on the bandwagon to support a higher gas limit, pushing it up to a whopping 45 million units. This little tweak is like giving Ethereum a turbo boost, aiming to make transactions faster and cheaper. Who doesn’t love a good deal, right? 🛍️

And guess what? The ETH price has perked up too, gaining a solid 3.5% on the news. Bulls are getting their hopes up for a potential breakout past $4,000, especially after a stellar 25% weekly rally. It’s like Ethereum is saying, “Watch me, I’m about to fly!” 🦅

Ethereum Gas Limit Surges to 37.3 Million in Latest Network Boost

Ethereum’s gas limit hit the skies, climbing to over 37.3 million units on July 20, according to the wise folks at Etherscan. That’s a 3% bump from last week, and it’s all thanks to more validators giving the green light. It’s a bit like everyone agreeing to let the party get a little louder. 🎶

Surge in ETH Gas Limit | Source: EtherScan

This is the first real gas limit increase since February, when it went from 30 million to 36 million units. Validators can signal their support to adjust the gas limit, which then changes by about 0.1% per block. It’s a bit like a democratic dance, where everyone votes to make the music play a little faster. 🕺💃

Chainspect reports that Ethereum’s throughput soared to just under 18 transactions per second (TPS) over the weekend. That’s a 20% jump from the 15 TPS we were seeing before. Impressive, right? 🤩

And here’s the kicker: almost 50% of staked ETH is now backing a proposal to raise the network’s gas limit to 45 million units or higher. Vitalik Buterin himself chimed in on Twitter, noting that the gas limit is already on the rise, hitting 37.3 million. It’s like the Ethereum community is saying, “Let’s do this!” 💪

Almost exactly 50% of stake is voting to increase the L1 gas limit to 45m. The gas limit is already starting to increase, now at 37.3m.

— vitalik.eth (@VitalikButerin) July 20, 2025

Data from GasLimits.pics shows that around 47.2% of staked validators are on board with the higher gas limit. This broad consensus is a sign that the community is ready to push Ethereum’s layer-1 throughput to new heights. 🌟

ETH Gas Limit Surge | Source: GasLimits.pics

ETH Price Eyes Rally Past $4,000

With 25% weekly gains under its belt, ETH is eyeing a rally past the $4,000 mark. According to crypto analyst Rekt Capital, Ethereum is set to retest the upper boundary of its long-standing macro range between $2,200 and $3,900. It’s like Ethereum is gearing up for a big leap, and we’re all holding our breaths. 🙏

$ETH

Ethereum has long ago resynchronised with its $2200-$3900 Macro Range

In fact, it has rallied +120% since the reversal from the light blue historical demand area and is soon to challenge the very top of this Macro Range (red)#ETH #Crypto #Ethereum

— Rekt Capital (@rektcapital) July 20, 2025

The analyst points out that ETH has already rebounded 120% from a key historical demand zone, and it’s now poised to challenge the top of the range. It’s like Ethereum is saying, “I’ve got this!” 🚀

Ethereum is also gaining traction among institutions, with more companies adding ETH to their treasuries. It’s like Ethereum is becoming the cool kid everyone wants to hang out with. 🤝

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2025-07-21 20:15