New Ethereum Improvement Proposal (EIP)- 7781 to boost transaction speed network and throughput (positive for ETH)

• Reduces slot time from 12s to 8s for lower peak bandwidth.
  
• Reduce based rollup latency.
  
• Increase transaction throughput by approximately 33% improving dApp UX.
  
• 50% boost in network throughput, an effective increase to a 45M gas limit and 9 blob limit.
  
• 6 data blobs per block to 9 blobs per block
  
• distributing bandwidth usage over time to lower peak bandwidth requirements and maintain network efficiency.

“It will make DEXes like Uniswap v3 roughly sqrt(12/8) ≈ 1.22x more efficient, saving roughly $100M in CEX-DEX arbitrage per year and ultimately leading to better execution for users.”

The intraday bullishness is possible if it holds above $2520.On the higher side, the near-term resistance is 2520. Any significant jump above targets 42600/$2705-/$2820. Significant bullish continuation only above $2820.

The immediate support is around $2500. Any breach below $2500 confirms bearish continuation. A dip to $2300/$2100/$1800/$1500 is possible. A violation below $1500 will drag the Ethereum to $1000.

It is good to buy on dips around $2300 with SL around $2100 for TP of $2800.

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