According to BlockBeats, ETH trading price is nearing $2,500, up 11% over the past week, outperforming BTC. Analysts attribute its strong performance to a series of positive news drivers. Stablecoins have gained regulatory clarity due to the (GENIUS Act), and Ethereum is the platform with the highest concentration of stablecoin deposits.
ETH spot ETF continues to see significant inflows. CoinDesk analyst Omkar Godbole's technical analysis indicates a potential bullish trend is forming on-chain, and traders believe Ethereum could reach $3,000 in the future.
Moreover, the Ethereum validator architecture is undergoing transformation, with Distributed Validator Technology (DVT) enhancing its resilience, security, and decentralization, solidifying its position as Wall Street's most popular programmable asset.
