Vitalik Warns: Ethereum's Hegota Upgrade May Be Last Normal Fork

Ethereum's price has dropped to $2,665 on September 28, mirroring the broader crypto market trend. The decline is attributed to stalled US-Iran talks and rising oil prices.

Vitalik Buterin, Ethereum founder, emphasized that the Hegota upgrade in 2027 will be the last 'normal' fork on the blockchain. After this upgrade, Ethereum will transition into a more powerful system, incorporating features like recursive STARKs and quantum-safe consensus algorithms.

Buterin's statement comes as altcoin euphoria shows warning signs, with inflows to altcoins increasing by 45% in just a few months. Analyst Darkfost notes that this momentum is unsustainable and may run out of steam soon.

Ethereum price has created a buy signal on the four-hour chart, but its move towards $2,800 depends on whether the market fully prices in the impact of rising oil prices on risk assets.