With the upcoming Shangai and Shapella updates, an important announcement came from Binance for Ethereum (ETH), which is taking off.
ETH, which has been priced rapidly with its recent developments, has brought maintenances on the Ethereum network, especially as Shanghai and Shapella updates get closer. Binance, the most well-known name of crypto exchanges, stated that maintenance will take place on the Ethereum network during the day. Stating that there will be an estimated 2-hour maintenance, Binance stated that all deposits and withdrawals on the Ethereum network will be suspended during this period. With the approach of the update dates, the Ethereum network, which has been in intense activity, has increased its maintenance not only in Binance but also in many crypto exchanges.
Reminder – wallet maintenance for the Ethereum network has begun.
Please note that all deposits and withdrawals on the $ETH network will be suspended for an estimated period of 2-hours.
Deposits and withdrawals will resume once the maintenance is complete. https://t.co/oEFVLbADuq
— Binance (@binance) April 6, 2023
Shanghai and Shapella Update Plays Big Role on ETH Network
The date of the Shanghai and Shapella update, which the crypto industry has been waiting for with great interest, is getting closer. The updates, which crypto investors, especially ETH maximalists, are eagerly waiting for, seem to increase the number of maintenance on the network in order to work more effectively.
In order for the update to be successful and effective, the increased maintenance on the Ethereum network had a greater impact, especially on Binance. Binance emphasized that deposits and withdrawals will be suspended for network maintenance, which will last for 2 hours.
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