According to BlockBeats, the trading price of ETH is close to $2,500, having increased by 11% over the past week, outperforming BTC. Analysts attribute its strong performance to a series of positive news developments. Stablecoins 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 shows a potential bullish trend forming on-chain, with traders believing Ethereum is likely to reach $3,000 in the future.
In addition, 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.
