Here’s the latest update on $ETH (ETH) as Current Price: ETH is trading around $1,780–$1,792, stabilizing above the critical support level of $1,700 despite a 1.2% decline over the past 24 hours. It faces resistance near $1,800, which has triggered recent pullbacks after failed breakout attempts .
Technical Indicators:
The price remains above the EMA50 (a bullish signal), but the daily RSI (53) shows weakening momentum .
Key levels to watch:
Support: $1,700 (immediate), $1,449 (critical).
Resistance: $1,861, $2,000 (psychological barrier) .
A crypto whale purchased 30,000 ETH ($54 million) and 600 BTC ($56.7 million) via an over-the-counter (OTC) trade through Wintermute. Such large transactions often signal institutional accumulation and bullish sentiment ahead of potential price movements .
Following the news, ETH saw a 1.5% intraday price increase, with on-chain transaction volume spiking 8% .
EIP-9698 Proposal: ETH researchers proposed a 100x gas limit increase over four years, aiming to boost transaction capacity to
2,000 TPS and compete with chains like Solana. This phased expansion could enhance scalability while allowing time for node optimization .
Fee Structure Reforms: Community members proposed a dynamic fee model using a square-root formula to balance developer revenue and user fairness. Fees would cap at 1% for projects with over $10 million in funding .
Grayscale’s Push for Staking: Grayscale urged the SEC to approve ETH ETF staking, arguing that U.S. investors have missed $61 million in rewards since February 2025. Staking integration could improve network security and investor returns .
Market Impact: ETH ETFs currently manage $8.1 billion in assets, but restrictions on staking limit their competitiveness compared to international products .
Technical Risk: A recent oracle error in Term Finance (Ethereum ecosystem) caused a $1.6 million ETH loss, highlighting ongoing security concerns in decentralized finance .
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