Ethereum remains range-bound as of June 24, trading at $2,418 with a minor intraday gain of 0.22%. The asset has failed to break above the $2,800 resistance level, which capped its upside earlier this month.
After reaching a local high above $2,800, ETH retraced and now trades near the lower end of its June range. The Relative Strength Index (RSI) reads 46.33, suggesting neutral momentum. Volume is also muted at 2.92K, indicating weak market participation.
Unless ETH clears $2,800 with strong volume, there is a risk of a retest of $2,200 support.
Ethereum price stagnation comes days after Ethereum developers introduced a major proposal to improve network speed. So far, traders have shown limited response.
Developers Propose Doubling Ethereum Block Frequency by 2026
On June 21, Ethereum core developer Barnabé Monnot presented Ethereum Improvement Proposal (EIP) 7782, which aims to reduce slot time from 12 seconds to 6 seconds. This change would effectively double the block frequency on Ethereum by 2026.
The proposal is part of the Glamsterdam upgrade, focused on improving the protocol’s performance and efficiency. Monnot said faster block production would reduce confirmation delays and enhance Ethereum’s value as a settlement layer.
Shorter slot times make the confirmation service better and raise the service price beyond where it is today.
he said.
The subslot timing would also be modified. Block proposal time would drop from 4 to 3 seconds. Attestation and aggregation would each fall from 4 to 1.5 seconds. These changes would allow Ethereum to process blocks twice as often.
Faster Blocks Could Enhance DeFi Speed and Liquidity
The upgrade is expected to benefit decentralized applications and financial platforms. According to staking provider Everstake, faster blocks would provide fresher onchain data and smoother user experiences across wallets and Layer-2 networks.
For DeFi users, faster block times could enable quicker price updates on decentralized exchanges. More frequent block production could reduce slippage and arbitrage risk, while increasing liquidity depth.
Monnot emphasized that increased block frequency would make Ethereum’s trading infrastructure more efficient. “Faster slots lead to more liquidity, which means lower trading fees and increased network effects,” he said.
Despite the performance boost, the proposal could strain parts of Ethereum’s infrastructure. Validators with slow internet or low bandwidth may struggle to meet the shortened timing requirements. The increase in consensus message traffic could lead to synchronization issues and higher bandwidth usage.
Importantly, Monnot acknowledged these risks. He said extensive testing would be necessary to avoid disruptions or smart contract instability. In addition, developers plan to monitor validator behavior on testnets before proceeding to implementation.
