The price movement mirrored Bitcoin’s recent rally, with Ethereum Ethereum
-0.28%
Ethereum initially breaking through key resistance at $1,600 and $1,620 before facing selling pressure that halted its climb.
Now trading around $1,575, ETH is down 3.10% over the past 7 days, according to crypto.news data.
Ethereum co-founder Vitalik Buterin recently proposed replacing the Ethereum Virtual Machine with RISC-V to improve performance and scalability. He argued that RISC-V, already used in zero-knowledge EVMs, could boost proving efficiency by over 50 times.
The proposal maintained backward compatibility while shifting the backend computation process to RISC-V. It came as Ethereum faced multi-year lows in network activity and transaction fees.
