Original Title: "ETH Ethereum Pectra Test Failed Again! Mainnet Upgrade in April May Be Delayed, ETH Market Sentiment Hits Bottom"

Original author: DaFi Weaver, BlockTempo from BlockTempo

Following the successful launch of the Holesky testnet, the Pectra upgrade of ETH on Ethereum was activated as planned on the Sepolia testnet yesterday (5). This is the final critical stage before the Mainnet upgrade. However, after several hours of testing, Sepolia began to encounter errors, leading some developers to call for a delay in the Mainnet upgrade scheduled for around April 8, which could further dampen the subdued sentiment of Ethereum.

Sepolia testnet encountered empty block issue

The reason for the error is that developers noticed the Sepolia testnet started encountering empty block issues.

The ETH Foundation stated that this is due to the incorrect configuration of the deposit contract on the Sepolia testnet, which has caused many executing layer clients to be unable to include transactions in blocks. It is emphasized that this is only a configuration issue on the testnet, not a defect of Pectra itself. In other words, this issue will not affect the ETH Mainnet and only occurs in the Sepolia test environment.

The developers of the Ethereum Foundation stated that they "identified the root cause of the problem within minutes" and quickly deployed a fix to restore normal operation of the network. As of 10:00 (UTC+8) yesterday evening, validators have successfully fixed the issue, and network throughput has returned to normal.

However, the test still raised concerns about whether Pectra has been adequately tested. Because there was a chain fork issue in the Holesky testnet on the ETH Mainnet before, which was caused by validators with incorrect settings.

· Holesky testnet, is the first stage of testing

· Sepolia testnet, is the second stage of testing, if there are no issues, it will be upgraded to Mainnet

Galaxy Digital Research Deputy Director: Mainnet upgrade needs to be postponed

Galaxy Digital Research Vice President Christine Kim said in an interview with CoinDesk:

I do think that the issues on the Holesky and Sepolia testnets require delaying the upgrade of the Pectra Mainnet.

Kim pointed out that while developers may be ready, the entire Ethereum ecosystem, including smart contract applications and wallet service providers, also needs to be prepared. He suggested that Ethereum developers should take advantage of this time to build additional testing infrastructure to ensure the stability of the upgrade.

ETH developers will hold a meeting on March 7 to determine the official launch date of the Pectra upgrade. If a delay is announced, it may continue to cause community panic, especially given the current downturn in ETH prices, significant reforms in the organizational structure of the ETH foundation, and competition from public chains such as Solana, putting pressure on the Ethereum ecosystem.

ETH market sentiment hits annual low

Blockchain data analysis platform Santiment pointed out that the market sentiment of ETH has dropped to the lowest point in the past year, mainly due to its recent underperformance compared to other major crypto assets.

However, for investors who are patient holders of ETH, Santiment is optimistic:

The current pessimism prevailing in the community may actually be a precursor to the market bottoming out and rebounding. Once the crypto market stabilizes, ETH may have the opportunity to rebound.

ETH rose more than 4%

However, at the time of writing, ETH is now trading at $2,275, driven by the rise in Bitcoin, and has hit a high of $2,288 in the past 24 hours, up 4.67%, and has rebounded nearly 15% from the low of $1,993 a few days ago.

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