According to CoinMeta, the price of Ethereum is focusing on a retest of $1,900 due to significant progress in the Glamsterdam upgrade. The Ethereum Foundation has begun testing the Glamsterdam upgrade on the Plataberget testnet, with the testnet fork scheduled for August 20th. Developers are preparing for broader testing. This upgrade is expected to bring changes to various aspects of the network, including gas pricing, block production structure, transaction capacity, and smart contract limitations. Although these current tests should not be regarded as the launch of the mainnet, their importance cannot be ignored. Ethereum's network activity is also noteworthy, with a total of over 70 trillion dollars in stablecoin transfers recorded, demonstrating Ethereum's important role in on-chain finance.