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FM
Former Member

The second-largest crypto faced a major network outrage in the past few hours as it struggled to finalize blocks. This sparked major security concerns among the ETH holders as the clients started to release patches to fix the network’s stability. Similar to Bitcoin, unconfirmed transactions piled up over the network as they failed to reach finality.

Presently, the Ethereum blockchain is processing transactions smoothly, as the outrage lasted only for over 25 minutes. Regardless of this, the on-chain activity of the network remained unimpacted, along with the value of the token. The ETH price is currently surging beyond the crucial resistance of $1800 but has yet to validate the breakout.

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