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According to Odaily, Ethereum co-founder Vitalik Buterin recently addressed community member Daniel Wang's suggestion of naming the L2 network's Stage 2 phase as #BattleTested. Buterin emphasized on the X platform that the second phase is not the sole factor affecting security; the quality of the underlying proof system is equally crucial. He presented a simplified mathematical model to illustrate when to transition to the second phase, considering factors like the independent 'break' chance of each security council member and the likelihood of both operational and security failures. Buterin explained that the security council's configuration changes from 4/7 in Stage 0 to 6/8 in Stage 1, noting that these assumptions are imperfect. He highlighted the potential for 'common mode failures' among council members, such as collusion or similar hacking methods, which make both Stage 0 and Stage 1 less secure than the model suggests. Therefore, transitioning to Stage 2 earlier than the model indicates is optimal. Additionally, Buterin pointed out that transforming the proof system into multiple independent systems with multi-signature capabilities can significantly reduce the probability of proof system failure. He suspects that all Stage 2 deployments in the coming years will adopt this approach. He also mentioned the importance of proof system audits and maturity metrics, ideally focusing on proof system implementations rather than the entire rollup, to facilitate reuse. Buterin concluded by suggesting that @l2beat should ideally showcase these metrics to provide a clearer understanding of the proof system's robustness and maturity.

According to PANews, Ethereum (ETH) has recently dropped below the $1,800 mark, currently trading at $1,796.41 per coin. This represents a daily decrease of 1.88%.

On May 05, 2025, 01:31 AM(UTC). According to Binance Market Data, Ethereum has dropped below 1,800 USDT and is now trading at 1,797.329956 USDT, with a narrowed 2.31% decrease in 24 hours.

According to BlockBeats, data from Coinglass reveals that since 2016, Ethereum has experienced varied performance in May, with six instances of gains and three of losses. The most significant increase occurred in May 2017, with a monthly rise of 161.43%, while the largest decline was in May 2022, with a drop of 28.85%. From 2016 to the present, the average return rate for Ethereum in May stands at 27.39%, with a median of 7.09%.

According to BlockBeats, data from Ultrasound.money reveals that Ethereum's net supply increased by 17,575 ETH over the past week. During this period, the total supply rose by approximately 18,200 ETH, while 625 ETH were removed through the burn mechanism. The total supply of Ethereum has reached 120,734,538 ETH, with a current annual growth rate of 0.76%.

According to Cointelegraph, Ethereum co-founder Vitalik Buterin has advocated for simplifying Ethereum's base protocol to enhance the network's efficiency, security, and accessibility, drawing inspiration from Bitcoin's minimalist design. In a blog post titled “Simplifying the L1,” published on May 3, Buterin outlined a vision to restructure Ethereum's architecture across consensus, execution, and shared components. He emphasized that simplicity is crucial for Ethereum's resilience and long-term scalability, suggesting that the network could become as straightforward as Bitcoin within five years. Recent upgrades, such as proof-of-stake (PoS) and Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARK) integration, have strengthened Ethereum. However, Buterin noted that technical complexity has resulted in bloated development cycles, increased costs, and heightened risks of bugs. He acknowledged that Ethereum's historical approach, sometimes influenced by his own decisions, has contributed to excessive development expenditure, security risks, and an insular R&D culture, often pursuing benefits that have proven illusory. A significant focus of Buterin's proposal is the consensus layer, with the introduction of the “3-slot finality” model. This model aims to simplify consensus by eliminating complex components like epochs, sync committees, and validator shuffling. The reduced number of active validators at a time would allow for safer and simpler implementations of the fork choice rule. Other proposed improvements include adopting Scalable Transparent Argument of Knowledge (STARK)-based aggregation protocols to decentralize and simplify network coordination. On the execution layer, Buterin proposed transitioning from the Ethereum Virtual Machine (EVM) to a simpler, ZK-friendly virtual machine like RISC-V. This shift could offer significant performance improvements for zero-knowledge proofs and simplify the protocol. RISC-V, an open-source instruction set architecture, follows a minimalist design philosophy, using a small set of simple instructions for high efficiency and easier implementation. To maintain backward compatibility, Buterin suggested running legacy EVM contracts onchain via a RISC-V interpreter while supporting both virtual machines concurrently during a transitional phase. Buterin also advocated for protocol-wide standardization, proposing the adoption of a single erasure coding method, serialization format (favoring SSZ), and tree structure to reduce redundant complexity and streamline Ethereum's tooling and infrastructure. He likened simplicity to decentralization, suggesting Ethereum adopt a “max line-of-code” target to keep consensus-critical logic lean and auditable. Non-critical legacy features would remain but reside outside the core specification. Buterin's proposal comes as Ethereum faces increasing competition from other blockchains. During a panel discussion at the LONGITUDE by Cointelegraph event on May 2, Alex Svanevik, CEO of data service Nansen, noted that Ethereum's dominance among L1 blockchain networks has declined. Svanevik remarked that while Ethereum was expected to dominate the crypto space a few years ago, the current landscape shows a different reality.

According to PANews, Ethereum is undergoing a significant strategic transformation by transitioning from the Ethereum Virtual Machine (EVM) to the RISC-V architecture. This shift is not merely a tactical update but a strategic overhaul, potentially marking a revolutionary phase akin to the transition from Proof of Work (PoW) to Proof of Stake (PoS). The adoption of RISC-V is seen as a crucial element for Ethereum's growth over the next decade, focusing on foundational changes rather than incremental improvements. The Ethereum Object Format (EOF), which has faced numerous technical challenges, may be rendered obsolete by this transition. RISC-V offers a more comprehensive hardware-level overhaul compared to EOF's software optimizations. Ethereum is reevaluating its innovation path, moving away from Layer 2 solutions towards a fundamental restructuring of its core framework. This strategic pivot reflects a shift from external expansion to internal innovation. Zero-Knowledge Proofs (ZK), once a prominent narrative within Ethereum, have yet to realize their full potential. Currently, ZK is primarily used for state proofs between Layer 1 and Layer 2, only scratching the surface of its capabilities. The introduction of RISC-V could ignite a new wave of infrastructure development, potentially leading to advancements in privacy and scalability solutions. This could involve the integration of zkMIPS, zkEVM, and zkVM, alongside parallel EVM and hardware acceleration. RISC-V's role as a hardware instruction set in Ethereum's technological evolution signifies a comprehensive overhaul. This change aims to move away from the outdated EVM system, fostering a modular and flexible ecosystem. Ethereum's shift from a monolithic architecture with external expansion to a modular architecture with core enhancements marks the beginning of a new era. Ultimately, Ethereum's transition to RISC-V is not a simple technical iteration. As the Layer 2 narrative becomes crowded and its benefits diminish, Ethereum's technical team recognizes the need to return to Layer 1 innovation to overcome the challenges of Layer 2 ecosystem deployment. This strategic move aims to redefine Ethereum's competitive edge. Despite skepticism surrounding "technical narratives," Ethereum's commitment to innovation remains strong. While some may view this as another cycle of infrastructure innovation without immediate application, it represents a proactive approach to revitalizing the ecosystem.

According to Odaily, Ethereum's core development team is nearing the completion of two crucial standards aimed at addressing the challenges of address recognition in cross-chain interactions. The ERC-7828 and ERC-7930 standards are expected to be finalized on May 9, with the final community feedback currently being gathered on the Ethereum Magicians forum. The ERC-7930 standard will introduce a unified network identification format, while the ERC-7828 standard focuses on converting complex cryptographic addresses into a more recognizable 'name@service' format. This improvement is anticipated to significantly reduce the risk of asset loss due to incorrect network selection by users. Additionally, the Ethereum Pectra upgrade is scheduled to be deployed on the mainnet on May 7. Originally planned for release in March 2025, the upgrade was delayed due to technical issues on the Holesky testnet. The development team has reported stable performance on the Hoodi testnet.

According to Odaily, data from SoSoValue indicates that on April 30, Ethereum spot ETFs experienced a total net outflow of $2.3599 million. The Fidelity ETF FETH recorded the highest single-day net inflow among Ethereum spot ETFs, amounting to $5.7953 million, bringing its historical total net inflow to $1.458 billion. Conversely, the Grayscale Ethereum Trust ETF ETHE saw the largest single-day net outflow, totaling $7.1321 million, with its historical total net outflow reaching $4.291 billion. As of the latest report, the total net asset value of Ethereum spot ETFs stands at $6.17 billion, with an ETF net asset ratio of 2.85% compared to Ethereum's total market value. The cumulative historical net inflow has reached $2.481 billion.

According to Cointelegraph, Ethereum's native token, Ether (ETH), is exhibiting technical and on-chain signals reminiscent of its early 2017 bull run, which saw gains exceeding 25,000%. A notable indicator is the appearance of a Dragonfly Doji candlestick on Ether's monthly chart, a pattern that historically signals a potential bullish reversal. This candlestick formation, characterized by a long lower wick and a close near the opening level, suggests a rejection of lower prices and a possible shift in market control back to the bulls. In December 2016, a similar pattern preceded Ethereum's surge from under $6 to over $1,400 within a year. The recurrence of this pattern in 2021 and 2023, with gains of over 80% and 145% respectively, further underscores its significance. Should the bulls maintain momentum with a strong opening in May, particularly above April's high of approximately $1,950, Ethereum could be poised for a sustained rally, potentially targeting $2,100 initially. Ethereum is also retesting its long-term parabolic support zone, a critical area that has historically acted as a springboard for new uptrends. Chartist Merlijn the Trader highlights this retest, noting its consistency in triggering reversals across cycles. In early 2017, Ethereum's bounce from this parabolic trendline marked the beginning of its breakout phase, propelling the price from around $6 to $1,400. The current retest in 2025 mirrors this setup, suggesting a possible repetition of the cyclical pattern. This support zone's historical significance adds weight to the potential for another explosive rally, as noted by Merlijn the Trader in a recent post. On-chain data further supports the bullish outlook, with Ethereum's MVRV Z-Score re-entering the historical accumulation zone. This metric, used to identify market tops and bottoms, indicates that ETH may have reached its cycle bottom. In previous cycles, dips into this accumulation zone in late 2018, March 2020, and mid-2022 coincided with market bottoms and preceded significant rallies. The current entry into this zone strengthens the argument for a potential upward trend. However, it is important to note that this article does not provide investment advice or recommendations. All investment and trading decisions carry risks, and individuals should conduct their own research before making any financial decisions.

Ethereum's long-awaited Pectra upgrade goes live next week, promising major improvements in user experience, staking, and transaction flexibility. As technical indicators hint at a market bottom, could Pectra be the catalyst that reignites a long-overdue ETH price rally?Ethereum Lags Behind Rivals Despite Bull Market MomentumDespite a broader market recovery, Ethereum (ETH) has underperformed throughout 2024 and early 2025. Trading at $1,813 as of April 30, ETH remains 56% below its local peak from December 2024 and is still far from reclaiming its all-time high of $4,870 set in November 2021. Meanwhile, competitors like Solana and BNB have shown stronger price action.Yet, with the Pectra upgrade scheduled to go live on May 7, Ethereum could be poised for a turnaround — if the update lives up to expectations.What Is Ethereum’s Pectra Upgrade? Key Features and EIPs ExplainedThe Pectra hard fork includes 11 Ethereum Improvement Proposals (EIPs) aimed at solving some of the network's most persistent pain points — scalability, staking, and usability. The most notable upgrade is EIP-7702, which introduces gas fee sponsorship and allows users to pay gas in tokens other than ETH.This change will significantly improve Ethereum’s user experience, particularly for new users, mobile apps, and crypto gaming — all of which suffer from onboarding friction due to gas fees and wallet complexity.Staking Upgrades That Appeal to InstitutionsPectra also includes EIPs 7251, 6110, and 7002, which:Raise validator limits from 32 ETH to 2,048 ETH.Simplify validator entry/exit processes.Improve staking efficiency and flexibility.These changes are especially important for institutional validators, who have shown declining interest in ETH over the past year. With easier onboarding and more control, Pectra could renew institutional staking participation and lock up more ETH, reducing circulating supply.How Pectra Could Impact ETH Price DynamicsThe upgrade is designed to improve both demand and supply-side dynamics of ETH:Demand boost: Better UX and fee flexibility could attract more developers, users, and transaction volume.Supply reduction: More ETH staked plus rising network activity could increase ETH burning, adding deflationary pressure.Currently, Ethereum’s burn rate has dropped to just ~70 ETH per day, compared to over 2,000–4,000 ETH daily in 2024. With more transactions and usage post-Pectra, this number could rise, reinforcing ETH’s value proposition as a deflationary asset.Technical Signals Suggest ETH May Have BottomedOn the technical side, Ethereum appears to have found a local bottom. The weekly RSI broke its downtrend on April 20, which could indicate a trend reversal. ETH has dropped nearly 66% from its December highs, and market structure suggests the worst may be over.While previous Ethereum upgrades — such as the Merge, Shapella, and Dencun — saw short-lived price spikes, Pectra arrives in a different context: the third year of the market cycle, historically when major rallies occur.If sentiment aligns and macro headwinds ease, Pectra could act as the narrative trigger that helps ETH reclaim investor attention and market share.Will Pectra Be Ethereum’s Turning Point?Ethereum’s fundamentals remain strong, but its narrative has lagged behind faster-moving rivals. The Pectra upgrade aims to fix this — bringing gas sponsorship, multi-token payments, and staking upgrades that could reignite adoption and investment.If Pectra succeeds in improving UX and staking confidence, and coincides with a broader altcoin rally, ETH could finally start catching up in the bull market. Investors will also be watching the Fusaka upgrade later in 2025, which could extend the momentum even further, according to Cointelegraph.

According to Foresight News, the Ethereum re-staking protocol Kelp has disclosed a bug found in its recent upgrade. The error in the fee minting contract resulted in excess rsETH being minted to its fee address. Despite this issue, all funds within the smart contract remain secure. The team is actively working to resolve the problem. As a precautionary measure, deposit and withdrawal functions have been temporarily suspended.

According to Foresight News, Ethereum co-founder Vitalik Buterin has outlined his primary focus areas for 2025. His priorities include the development of Ethereum, emphasizing the long-term roadmap for Layer 1, which features single-slot finality, long-term virtual machines, statelessness, and enhanced security. Additionally, Buterin is concentrating on full-stack security, open-source initiatives, and privacy protection. On a broader scale, Buterin is advocating for accelerated decentralization across various domains. This includes advancements in communication tools, social platforms, governance mechanism design, cryptography, and infrastructure development.

According to PANews, the Ethereum Layer 2 ecosystem has achieved a new milestone with the number of unique addresses reaching 13.6 million, marking a historic high. This represents a 74% increase over the past week. The dominance of Layer 2 has reached 6.69 times, with weekly transactions surpassing 832,000.

On Apr 29, 2025, 21:14 PM(UTC). According to Binance Market Data, Ethereum has dropped below 1,800 USDT and is now trading at 1,799.390015 USDT, with a narrowed narrowed 0.96% increase in 24 hours.

Fresh analysis from Fidelity Digital Assets suggests that Ethereum (ETH) may be trading below its fair value, despite weak recent price performance, with multiple onchain metrics pointing to potential bottoming and network growth.Key Highlights:Fidelity notes Ethereum’s MVRV Z-Score dropped into the “undervalued” zone for the first time since the last cycle bottom.Ethereum’s layer-2 active addresses surged to an all-time high of 13.6 million.ETH’s market cap relative to Bitcoin (BTC) is back to mid-2020 levels.Ethereum Undervalued Despite Bearish Q1 Performance, Fidelity FindsAccording to Fidelity's latest Signals Report, Ethereum has endured a challenging first quarter, dropping 45% from its January peak at $3,579. ETH’s 50-day simple moving average fell 21% below its 200-day SMA in March, forming a death cross, traditionally seen as a bearish technical signal.However, Fidelity’s onchain analysis reveals more optimistic signals for medium to long-term investors. The MVRV Z-Score, a key valuation metric comparing market value to realized value, fell to -0.18 on March 9 — a level historically associated with market bottoms and undervaluation.Similarly, the Net Unrealized Profit/Loss (NUPL) ratio touched zero, signaling market-wide capitulation, where unrealized profits match unrealized losses — often marking a neutral base for future price movements."While the realized price for ETH is around $2,020 — about 10% higher than its current market price — the relatively minor decline in realized price compared to the sharp 45% spot market drop suggests strong hands (long-term holders) remain firm," Fidelity’s report highlighted.Still, the report warns that historical precedence, such as in 2022, shows that ETH price can dip further below realized price before recovery begins.Ethereum’s Relative Market Strength Weakens, Yet Network Growth AcceleratesThe report also pointed out that Ethereum’s market cap ratio to Bitcoin has fallen to 0.13, levels last seen in mid-2020, after a 30-month steady decline. This suggests that, relative to Bitcoin, Ethereum is currently underperforming — a metric some analysts interpret as a potential contrarian buying signal.Despite price weakness, Ethereum’s network activity is strengthening notably. Data from growthepie.xyz reveals that Ethereum’s layer-2 ecosystem reached 13.6 million active addresses — a new all-time high. Weekly active address growth is up 74% over the past week.Among layer-2 solutions:Unichain led with 5.82 million weekly active addresses, surpassing Base and Arbitrum.Ethereum's layer-2 dominance in active addresses rose by 58.74% in the past seven days.Such growth reflects increasing demand for cheaper and faster Ethereum-based transactions, reinforcing Ethereum’s strategic position in Web3 infrastructure.Technical Indicators Show Early Recovery SignsAnonymous trader CRG highlighted that ETH has reclaimed a position above the 12-hour Ichimoku Cloud for the first time since December 2024, typically seen as an early bullish reversal indicator."The move above the cloud, coupled with a green cloud formation, hints at a possible shift toward a more bullish trend," CRG wrote on X (formerly Twitter).While Ethereum's price remains under pressure relative to Bitcoin and macro headwinds persist, Fidelity’s onchain metrics, strong network fundamentals, and technical improvements suggest that ETH may be undervalued and positioned for a longer-term recovery.Upcoming catalysts, including potential spot Ethereum ETF approvals and broader adoption of layer-2 scaling solutions, could further support bullish momentum.

Ethereum (ETH) is building strong bullish momentum, fueled by resurging institutional interest, robust network fundamentals, and a favorable technical setup. With price action holding firmly above $1,800 and forming a classic bull flag pattern, analysts are increasingly optimistic that Ether could soon break the $2,000 resistance and target $2,100 next.Institutional Ethereum ETF Demand Reignites Bullish MomentumEther’s price rose to a multi-week high of $1,860 on April 28, its highest level since early April. Market analysts agree that sustaining levels above $1,800 is crucial for maintaining the bullish momentum.“Once ETH confirms this 4-hour close above resistance [$1,800], Ether and altcoins will finally get their time to shine,” said trader Kiran Gadakh in an April 29 X post, forecasting a quick surge toward $2,000.Institutional interest in Ethereum appears to be rebounding strongly. On April 28, Ethereum ETFs recorded $64.1 million in net inflows, following $151.7 million of inflows during the week ending April 25 — the highest inflows since February 2025, according to CoinShares.Moreover, Ethereum investment products ended an eight-week streak of outflows with $183 million in net inflows last week, signaling renewed confidence among traditional finance participants."Concerns over corporate earnings and a weakening US dollar are driving investors toward digital assets as emerging safe havens," noted CoinShares' head of research James Butterfill.This surge in institutional buying exerts upward pressure on ETH price by absorbing available supply and validating its role as a macro hedge asset.Ethereum Network Fundamentals Remain StrongEthereum continues to dominate the Layer-1 landscape, boasting a total value locked (TVL) of $51.8 billion, according to DefiLlama — an impressive 16% increase over the past seven days.Aave, Lido, EigenLayer, and Ether.fi led deposit growth, posting double-digit TVL increases.Ethereum's daily DEX volume jumped by 30% to $1.65 billion, reflecting strengthening trading activity across decentralized platforms.While Sui and Solana have seen higher percentage surges in DEX volumes, Ethereum maintains a commanding lead in absolute figures, reinforcing its critical role in the DeFi ecosystem.Compared to other blockchains, Ethereum’s steady growth trajectory in both TVL and transaction volume highlights its enduring network effect and developer activity advantage.ETH Price Technical Setup Hints at $2,100 NextTechnically, Ethereum has formed a bull flag pattern on the four-hour chart — a bullish continuation formation signaling a potential breakout.A four-hour close above the flag’s upper boundary at $1,800 has validated the pattern.Based on the flagpole's height, the upside target for ETH is around $2,100, representing a 15% rally from current levels.Additionally, the Relative Strength Index (RSI) hovers around 60, reinforcing bullish conditions without flashing overbought warnings.Analysts also point to the 20-day simple moving average (SMA) at around $1,700 as solid support, offering a strong base for Ethereum's next leg higher.If Ethereum sustains above $1,800 and gathers momentum, reaching the $2,100 target appears plausible — and breaking through $2,110 resistance could even pave the way for a move toward $2,500 later in 2025, according to historical pattern projections.With ETF inflows resurging, strong DeFi and trading activity, and a bullish technical setup, Ethereum price is increasingly well-positioned to break through $2,000 and potentially test $2,100 in the coming days.While macroeconomic conditions and broader crypto market sentiment will still play a role, Ethereum's improving fundamentals and growing institutional interest are setting the stage for a possible major breakout in the near term.Key Highlights:Ethereum ETFs posted the highest inflows since February 2025.Ethereum TVL climbed 16% weekly to reach $51.8 billion.A bull flag on the ETH chart targets $2,100 as the next resistance.

According to PANews, on April 29, Bitcoin ETFs experienced a net inflow of 6,634 BTC, valued at approximately $630 million. Among these, iShares saw an inflow of 10,249 BTC, bringing its total holdings to 598,936 BTC. On the same day, nine Ethereum ETFs recorded a net inflow of 41,940 ETH, worth around $76.33 million. iShares contributed significantly to this with an inflow of 37,537 ETH, increasing its total holdings to 1,252,768 ETH.

On Apr 29, 2025, 06:09 AM(UTC). According to Binance Market Data, Ethereum has crossed the 1,800 USDT benchmark and is now trading at 1,800.969971 USDT, with a narrowed 0.14% increase in 24 hours.

According to Odaily, Ethereum core developers have decided to exclude the EVM Object Format (EOF) from the forthcoming Fusaka upgrade. The decision was influenced by several factors, including the tight timeline for the Fusaka upgrade, the development team's consensus to prioritize the advancement of PeerDAS, and the potential technical uncertainties associated with EOF. Additionally, there was a lack of effective incorporation of community feedback into the decision-making process. EOF was initially intended to optimize the EVM bytecode structure, enhancing security and performance, with plans to include approximately 15 EIP contents.