Ethereum Update

Ethereum continues its upward trend, trading at $2,593.53, up 1.66% in the past 24 hours, with a market capitalization of $313.71 billion. [2] It was also reported at $2,589, up 0.9%. [4] Ethereum has been a strong performer, gaining nearly 60% over the past month, outperforming Bitcoin. [1] [4] $ETH

is currently testing the key psychological resistance at $2,500. [1] [4] While structural indicators remain bullish, elevated trading volumes and recent profit-taking may lead to short-term consolidation. [1] Ethereum must hold above $2,200 to avoid deeper pullbacks. [1] The Ethereum network recently implemented its Pectra upgrade, which included at least eleven new Ethereum Improvement Proposals (EIPs). [3]

Altcoin Performance

Most altcoins followed suit with positive moves. [1] $BNB

gained 1.68% to $661.2, Cardano (ADA) rose 2.73% to $0.7606, and Dogecoin (DOGE) added 2.9% to $0.2318. [2] [1] [4] Solana (SOL) was up 1.17% to $170.87, while Avalanche, Stellar, and Shiba Inu all rose by around 1%. [2] [1] [4] XRP, however, showed mixed performance, being slightly down by 0.11% in one report and up 0.46% to $2.382 in another. [1] [2] Litecoin $LTC

was down 1.92% at $95.58.

Several altcoins showed extraordinary performance in the last 24 hours, including SXT (up 25.65% to $0.1362), OM (gained 16.62% to $0.4527), KAITO (increased 14.87% to $2.1771), WCT (rose 14.8% to $0.6778), TRUMP (surged 12.94% to $14.556), and PI Network (up 9.66% to $0.8103). [2] AAVE, which was yesterday’s biggest gainer, pulled back slightly and is now down 1.61% at $260.99.

Solana's proposed Alpenglow upgrade, developed by Anza, aims to overhaul its consensus protocol by introducing Votor and Rotor, potentially cutting block finalization time to 150 milliseconds. [3] This upgrade targets Web2-level speeds but will not resolve Solana’s network outage issues, which stem from its reliance on a single validator client.

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