Ethereum (ETH) has made steady gains over the past day, standing out in a market where most cryptocurrencies showed limited movement. In the last 24 hours, the price of Ethereum rose by 6.93%, and over the past week, it has increased by 5.61%, currently trading at approximately $2558.65. One of the underlying factors behind this rise is a new update from the Ethereum Foundation. The organization announced changes to its leadership structure, appointing Hsiao-Wei Wang and Tomasz K. Stańczak as new executives. Along with the newly appointed president, this represents a step towards strengthening the organization’s governance and decision-making processes. The news was well received within the Ethereum community, with many seeing it as a sign of renewed focus and direction for the network. While Ethereum has seen an upward climb, other leading cryptocurrencies have struggled to match its pace. Bitcoin (BTC) recorded a smaller daily gain of 1.83%, while Binance Coin (BNB), XRP, and others noted smaller increases. Stablecoins such as USDT and USDC remained flat, as expected. Ethereum Price Analysis Technical analysis adds another layer to Ethereum's price movements. The cryptocurrency recently rebounded from a critical support area and is now approaching resistance levels between $2,523 and $2,690. Analysts expect that the market structure remains uncertain, but this rebound leaves room for either a new rally or another corrective move. However, a critical break below $2,464 could indicate that the current upswing has ended and downside risks are increasing. For now, Ethereum's combination of leadership changes and positive price action has distinguished it from the rest of the market. Investors and traders are closely monitoring to see if this momentum can continue in the coming days.
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