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As of May 3, 2025,$ETH (ETH) is trading at approximately $1,827.55 USD, reflecting a modest increase of 0.20% over the past 24 hours. The intraday high reached $1,865.97, while the low touched $1,822.07.

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🔍 Market Overview

$ETH has shown resilience amid recent market fluctuations. Notably, institutional interest is on the rise, with BlackRock purchasing $20 million worth of ETH, signaling growing confidence in Ethereum’s long-term potential. 

Additionally, whale activity has been notable, with a dormant wallet transferring 3,000 ETH (valued at $5.53 million) to Kraken after three years, potentially indicating shifts in market sentiment. 

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🧠 Strategic Developments

$ETH co-founder, Vitalik Buterin, has emphasized the importance of simplifying the Ethereum protocol to enhance scalability and security. Proposals include unifying sub-protocols across consensus and execution layers and considering a shift to a RISC-V virtual machine to support zero-knowledge proofs, which could significantly improve transaction efficiency.

Furthermore, Ethereum researcher Dankrad Feist has proposed Ethereum Improvement Proposal (EIP) 9698, aiming to gradually increase the network’s gas limit from 30 million to 3 billion over several years. This initiative seeks to boost transaction throughput and scalability without requiring a hard fork.