$ETH

Ethereum (ETH) recently surged 10%, crossing $1,700, driven by a crypto market rally and reduced CME short positions, dropping from 20% in November 2024 to 5% in April 2025. Despite a 60% plunge in ETH ETF net assets, whale accumulation signals optimism, with 3,844 ETH ($6.51M) withdrawn from exchanges. However, scalability issues persist, with layer-2 growth straining blob space, potentially raising costs. Vitalik Buterin’s RISC-V proposal aims to enhance efficiency, but market dominance fell to 7.18%. Analysts predict growth, though bearish patterns suggest a possible drop to $1,100.