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Ethereum Foundation Unveils Trillion-Dollar Security Initiative to Boost Network Safety

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  • Ethereum’s new security initiative targets wallets, smart contracts, and network layers.
  • ETH saw a surge of over 43% after the Pectra upgrade and reached almost $2,750.
  • Ethereum has approximately $80 billion locked in DeFi, more than any other blockchain network.

The Ethereum Foundation announced on May 14 a new security program aimed at facilitating the increasing adoption of on-chain technologies and strengthening Ethereum’s position within programmable digital assets.

The initiative, referred to as the Trillion Dollar Security Initiative, seeks to improve the security level in wallets, smart contracts, user experience, and infrastructure. It marks a significant step toward securing trillions of dollars locked on the Ethereum blockchain.

Fredrik Svantes, protocol security research lead, and Josh Stark from the Foundation’s management team will serve as co-chairs of the project. They will be joined by three ecosystem experts—Samczsun, Mehdi Zerouali, and Zach Obront—who will contribute guidance and technical expertise. The Foundation advised seeking collective support from the Ethereum community to achieve robust security at scale.

Detailed Security Audit Followed by Targeted Upgrades

The plan for the Trillion Dollar Security Initiative has three steps. The first phase will examine the technology stack and identify security gaps. This assessment will cover wallet design, innovative contract architecture, consensus protocols, and network infrastructure vulnerabilities. The Foundation intends to gather input from developers, auditors, and the broader ecosystem to ensure a thorough evaluation.

After this, the second phase will incorporate fixes to resolve identified weaknesses. Some solutions will be implemented quickly, while others will require more planning and coordination. The Foundation will work closely with developers and community members to roll out updates. The final phase seeks to increase transparency and teach users, institutions, and governments about Ethereum’s security features. Moreover, improved awareness will help boost confidence and support broader adoption.

Ethereum Price Movement and Market Context

The rollout of the security project is simultaneous to the positive price movements of Ethereum’s native token, ETH. Moreover, the price of ETH has grown more than 43% since the Pectra update on the 7th of May and reached almost $2750 before being driven slightly down. Analysts note that ETH has held key support ranging from $2,000 to $2,300, and should this level hold, analysts project bullish rallies towards $3,000 and beyond.

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Source: X

According to Coinglass data, ETH’s derivatives trading volume increased 25% to $121.09 billion, with open interest climbing 4.5% to $32.25 billion. These indicators reflect strong market activity amid institutional interest. The Foundation’s initiative aims to provide a secure infrastructure that can support increasing usage from both retail and institutional participants.

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Source: Coinglass

Ethereum remains the top decentralized finance (DeFi) network, with approximately 50-60% of total value locked (TVL) on blockchains. As of May 14, ETH’s TVL was around $80 billion, adding to its critical position in the decentralized environment. The Trillion Dollar Security Initiative is a strategic attempt to maintain and expand this dominance by solving significant security issues.

Related Reading | Tether-Backed Twenty One Capital Acquires $458.7M Bitcoin, Eyes New ATH

eToro IPO Surpasses Expectations, Prices at $52 Per Share

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  • eToro IPO raises $620 million in its successful Nasdaq debut
  • Shares priced at $52, above expected range of $46 to $50
  • BlackRock and major underwriters fuel demand for eToro’s shares

eToro, the Israeli trading platform, has launched its initial public offering (IPO) at $52 per share, which is above its earlier price range. The company collected about $620 million, and its shares are now traded on the Nasdaq under the ticker “ETOR.” This is a major milestone for the IPO market, showing increased investor confidence in fintech companies.

eToro had earlier set a share price range of $46 to $50, but increased it because of huge demand from investors. The company issued 11.92 million shares which includes both new and shares sold by current investors. The pricing increased the company’s valuation to about $4.2 billion.

eToro IPO Faces Regulatory Hurdles As First Attempt Flops

eToro’s IPO price surpassed expectations, which shows the huge investors demand despite economic uncertainties. eToro is famous for its diverse trading services that include stocks, cryptocurrencies and copy trading. The IPO comes after a time when eToro faces regulatory issues, mainly about its U.S. cryptocurrency services.

eToro had planned to go public at a market valuation of $10.4 billion, but it faced regulatory hurdles.  In 2022, the Israel-based firm’s attempt to go public through merger with a special purpose acquisition company (SPAC) failed. However, the company decided to pursue a direct IPO to have better control over the process.

Moreover, eToro decided to only offer Bitcoin, Bitcoin Cash, and Ethereum to U.S. customers in 2024. This decision came after the U.S Securities and Exchange Commission (SEC) charged eToro for operating as an unregistered broker and clearing agency.

eToro IPO Draws Institutional Interest

Goldman Sachs, Jefferies, UBS and Citigroup were the main underwriters for eToro’s IPO. Large institutional investors, such as BlackRock, have also expressed interest in the company and may buy up to $100 million in shares.

The successful eToro IPO launch indicates a potential comeback in capital markets, especially for fintech companies that deal with both traditional and digital assets. eToro intends to use the new capital raised to expand and improve its services across the world.

On May 14, 2025, eToro IPO made its official entry into public capital markets and its shares started trading. eToro’s shares price and market performance could set a benchmark for fintech IPOs in future. Investors and industry observers continue to monitor the impact of the eToro market debut on the cryptocurrency and trading platforms industry.

Ethereum Skyrockets 49% in 6 Days, Surpasses $2,700 as Retail Traders Flip Bullish

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Key Takeaways

  • Ethereum surges 49% in six days, breaching $2,700 for the first time since February.
  • Retail sentiment flips bullish as social chatter fuels rally expectations.
  • Transaction fees remain low, supporting continued network activity.

Ethereum has staged an eye-catching comeback, breaking above $2,700 for the first time since February 23. This marks a 49% gain in just six days, a swift rebound from its recent local bottom near $1,800 on May 7.

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On-chain analytics platform Santiment pointed out the twist that the price action of Ethereum began accelerating when sentiment on social media hit its all-time low. Formerly mocking the token’s halt in action, traders turned around and began seeing entry points as bullish once more, a full turnaround from public sentiment.

Ethereum’s climb resembles the 2017 cycle in that sudden leaps were fueled more by sentiment and network excitement rather than rigorous fundamentals. This time around, however, the underlying forces are perhaps more robust.

Ethereum remains the DeFi and NFT infrastructure leader, with its Layer-2 infrastructure growing exponentially. Although the general altcoin market has had fleeting moments of glory, Ethereum’s sustained utility is the basis for more enduring price movements.

Social sentiments from Santiment show a drastic change. A week back, all the discussion around ETH used to be negative based on relative underperformance against memecoins and other popular assets.

However, price targets surged shortly after the May 8 rally, and most retail traders now look forward towards a $3,500 range. These dynamics are a reflection of the unstable nature of crypto sentiment, particularly among retail traders dealing in a high-reward, high-risk environment.

From “Flippening” Dreams to Present-Day Momentum

Ethereum’s recent uptrend has sparked debate of its long-term potential relative to Bitcoin. In 2016–2017, there used to be the notion of a “flippening” that saw Ethereum overtaking Bitcoin on the market cap list because of its vast potential and active developer community.

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Although that scenario never occurred, the debate that it engendered is one still valid today. Technological flexibility keeps driving ETH’s status as not simply virtual currency.

Since Bitcoin is the clear leader as a store of value, Ethereum’s status as an infrastructure layer for decentralized applications makes it indispensable within the Web3 ecosystem.

Currently, the market cap of ETH is still roughly half of that of Bitcoin, but the current price surge has fueled speculation as to how much that differential might decrease if the current momentum is sustained throughout the month of May.

Ethereum Eyes $3K as Transaction Costs Hit Six-Month Low

Another driver of Ethereum’s recent uptrend is the low transaction fee. The average fee is now $0.84, a significant improvement from the $7+ average six months prior.

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Lower fees are attracting more network activity with little of the bottlenecks that crop up with bull runs. If fees stay low, Ethereum might continue attracting retail interest with little immediate correction.

However, a note of warning is appropriate. The 30-day MVRV ratio has risen to +32.5%, way ahead of the +15% threshold generally used as the starting point of overheating.

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Though this does not indicate a top, it certainly hints at an impending slow-down or short-term plateau. Nevertheless, with Bitcoin potentially looking towards a dip into $110K, Ethereum’s way towards breaking above $3,000 once more might not be far off.

Related Reading | XRP breaks new high, cloud mining starts making money with one click, daily income is $26,200!

SEC’s New Crypto Vision: Paul Atkins Vows to Position U.S. as Global Crypto Hub

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  • SEC to roll out clearer rules for crypto asset issuance and trading.
  • Paul Atkins proposes updates for digital asset custodial services and broker-dealer rules.
  • U.S. poised to lead in crypto asset markets with new regulatory framework.

SEC Chair Paul Atkins has outlined plans to make the United States the crypto capital of the world. At the SEC’s crypto roundtable, Atkins explained his vision to create a clear and transparent regulatory framework. This approach marks a shift from the SEC’s previous stance and promises clear rules for digital asset issuance, custody, and trading.

Atkin’s SEC Favours Digital Asset Issuance and Custody

Atkins stated that under his leadership, the SEC would give clear guidelines on the issuance of digital assets. He admitted that most crypto asset issuers have found it difficult to adhere to current regulations. The SEC plans to present more appropriate frameworks for token offerings in order to make the compliance process easier and enhance innovation in the digital asset space.

Furthermore, the SEC’s new approach will address custodial services that have been a matter of contention in the industry. Atkins intends to revise the rules of who qualifies as a “qualified custodian” to match the crypto market needs. He further hinted at possible changes to the special-purpose broker-dealer framework to enable flexibility for digital asset custody.

Atkins also disclosed that the SEC would step up its supervision of cryptocurrency trading platforms. He proposed that registered broker-dealers with alternative trading systems (ATS) could deal in securities as well as non-securities like Bitcoin and Ether. This would create a more competitive environment and cater for increased demand for digital assets.

Atkin’s Roadmap to U.S as a Global Crypto Hub

SEC’s new regulatory approach comes after years of predatory enforcement policies, which have pushed many crypto companies to shift operations overseas. Atkins, however, reiterated the SEC’s commitment to promote developments in blockchain and tokenization. He emphasized the need for friendly regulations to promote innovation in the U.S. market.

Atkins also noted the emergence of on-chain securities that could reshape the securities market. He likened this to the development of the music industry from analog to digital, which presented new opportunities to the creators. Atkins believes on-chain securities could open new opportunities to trade, own, and use securities, which could provide more liquidity and efficiency in the financial markets.

Atkins also pointed out the importance of cooperation between the SEC, the Congress, and other governmental bodies. He noted that a collaborative effort could create a regulatory environment that promotes innovation and protects investors. With clear and comprehensive guidelines, Atkins intends to create an environment where the U.S. can lead the world in crypto asset markets.

Related Reading | Nakamoto and KindlyMD Announce $710 Million Merger to Secure Bitcoin

Uniswap Shatters Records: First DEX to Surpass $3 Trillion in Volume

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  • Uniswap hits $3 trillion in trading volume, leading the DEX sector.
  • UNI token struggles despite platform’s record-breaking achievements.
  • New smart wallet launch follows Ethereum’s EIP-7702 upgrade.

Uniswap has surpassed $3 trillion in total trading volume to become the first decentralized exchange to set such a record. The achievement reflects the increased dominance of decentralized finance (DeFi) platforms in the crypto market. The increased use of decentralized exchanges (DEX) has contributed to Uniswap’s growth.

This surge in volume marks a major development for Uniswap, which was launched in 2018. Uniswap controls approximately 23% in daily trading volume, which further solidifies its position as leader in the decentralized exchange space. Uniswap has seen its volume double after every two years. Uniswap hit $1 trillion in trading volume in May 2022 and $2 trillion in April 2024.

Uniswap’s growth follows a rise in the use of decentralized finance, particularly the price appreciation of Bitcoin and other cryptocurrencies. Uniswap aims to strengthen its position in the decentralized exchange (DEX) market despite regulatory hurdles and price fluctuations.

Uniswap’s Faces Market Hurdles

Uniswap faced increased regulatory scrutiny from the U.S. Securities and Exchange Commission (SEC). However, Uniswap’s emerged as a top DEX despite market hurdles, which boosts its appeal in the crypto market.

Uniswap’s native token, UNI, continues to face challenges despite the platform’s performance. The token has seen more than an 80% decline from its all-time high price of $45 in May 2021, which demonstrates the overall volatility in the crypto market. However, UNI teased its previous peak in May 2025 to trade at $6.85 after the recent rise in the crypto market.

Uniswap’s Smart Wallet

Furthermore, Uniswap recently announced the launch of the platform’s smart wallet, which is compatible with Ethereum’s EIP-7702 upgrade. The EIP-7702 upgrade protects Ethereum accounts from quantum threats and improves the efficiency of transactions.

Uniswap’s Total Value Locked (TVL) sits below $5 billion and about 50% below its previous all-time high. The situation is similar across DeFi, where TVL has seen a substantial decline after its peak in late 2021. DeFiLlama and DappRadar reports indicate that the entire DeFi market is now valued between $124 billion and $132 billion.

Although other platforms such as PancakeSwap follow behind, Uniswap’s steady performance in volume and market share strengthens its dominance in the decentralized exchange (DEX) market. With its continuous innovations, Uniswap is poised for substantial growth in future.

Related Reading | VeChain Price Surges 28%, Could This Bullish Trend Continue Rising?

BitGo Gains EU Approval, Expands Crypto Custody Services Across Europe

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  • BitGo gets BaFin’s approval to offer crypto custody services across all EU states.
  • Company can now operate under the EU’s unified MiCA regulatory framework.
  • BitGo strengthens its position as a top institutional crypto custodian.

BitGo has been approved by Germany’s Federal Financial Supervisory Authority (BaFin), which enables the company to provide institutional crypto custody services in 27 European Union member states. This move makes BitGo one of the first U.S. firms to adhere to the EU’s unified crypto rules, Markets in Crypto-Assets (MiCA).

This approval is part of the MiCA framework’s approach to create unified crypto rules in the EU. This enables BitGo to deliver digital asset services to all countries in the region without the need to obtain individual country licenses. BitGo Europe GmbH, founded in Frankfurt in 2023, will manage the company’s services under the new regulatory requirements.

BitGo Enters EU Crypto Market

The BaFin license marks a major step in BitGo’s expansion across Europe. BitGo can now deliver a variety of services, such as crypto custody, staking, and self-custodial hot wallets, to its institutional clients. Harald Patt, managing director of BitGo Europe GmbH, expressed satisfaction in the company’s commitment to regulatory compliance, security, transparency, and trust.

The MiCA framework, effective from 2024, provides clear regulations for stablecoins, exchanges, and crypto custodians. It requires all crypto firms in the EU to adhere to particular standards on consumer protection, transparency, and capital. Moreover, stablecoin issuers are required to meet strict reserve standards to increase regulatory control and market stability.

Companies Rush to Secure MiCA License

BitGo currently operates in several EU countries, such as Italy, Spain, Poland and Greece. The BaFin enables BitGo to provide services to clients in all EU countries under a unified license. BitGo also holds regulatory approvals in additional countries which further solidifies its position in the European market.

BitGo’s European expansion comes after other top crypto companies, such as Crypto.com and Bitpanda, obtained MiCA licenses. The MiCA licenses have enhanced the competitiveness of these businesses in the region. However, banks and fintechs remain hesitant to secure MiCA licenses, which benefits crypto-native firms like BitGo.

BitGo Crypto Custody Services                                                                                                 

BitGo provides custody for 80 of the top 100 digital coins and tokens, which accounts for more than $100 billion in assets. BitGo serves more than 9.3 million wallets and oversees $48 billion in staked assets in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

BitGo’s EU expansion is part of a larger plan to deliver secure and compliant crypto custody services around the world The company is currently a top custodian for Solana and seeks to meet the institutional market demand for digital asset custody.

Related Reading | Pi Coin Price Surges and Breaks Above $1 After 35% Daily Rise 

HyperLiquid Whale Faces $3.32 Million Loss as Ethereum Surges

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  • Whale deposits $25M on HyperLiquid to short ETH, SOL, and BTC with 5X leverage.
  • Whale’s unrealized losses exceed $3.32M, including $1.2M from Ethereum short positions.
  • Hyperliquid’s trading volume hits $186.13M, marking a 26% increase in liquidity.

A whale on HyperLiquid, a decentralized perpetual exchange, has taken an audacious position by depositing $25 million to short Ethereum (ETH), Solana (SOL), and Bitcoin (BTC) with 5X leverage. Data from Lookonchain reveals that the whale’s position has already incurred losses exceeding $700,000.

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This signals strong bullish pressure on Bitcoin, Ethereum, and Solana, raising the potential for a short squeeze. Traders should carefully monitor Hyperliquid’s liquidation levels, as such large positions could introduce increased volatility and price reversals in these major cryptocurrencies.

With an unrealized loss of $1.5 million at the time of reporting, the whale faces substantial risk. Ethereum’s surge, driving its price higher, has contributed significantly to these losses, with ETH short positions accounting for $1.2 million in unrealized losses.

According to Whale Alert,  the whale has recently added $12 million to its short positions, raising the total to $29 million. The total value of all short positions now exceeds $68.9 million, but the whale is currently grappling with a floating loss of $3.32 million.

Whale’s Short Positions Face Liquidation Risk

The recent 35% surge in Ethereum’s price over just one week has significantly impacted the whale’s short position. This growth has occurred despite broader market movements, leading to a diminishing Bitcoin dominance. 

Currently, Bitcoin’s dominance is approaching 60% after reaching multi-year highs earlier this month. However, Ethereum’s performance continues to outperform BTC and other altcoins this year. The whale’s short positions are subject to liquidation if Ethereum’s price spikes past $4,489. 

Since the whale’s account is cross-market influenced, a surge in any of the shorted assets could trigger liquidation across the entire account, intensifying the pressure on this position. Despite these risks, the whale continues to earn funding fees from shorts, as most traders are currently positioned long on Ethereum.

Hyperliquid Gaining Momentum Amid Market Fluctuations

As a whale increases its short position on Ethereum, Solana, and Bitcoin, Hyperliquid continues to gain momentum in the crypto space. Despite a 5.52% decrease in HYPE’s value over the past 24 hours, the token’s market cap has reached $8.14 billion, indicating the platform’s growing significance in decentralized trading.

Hyperliquid’s trading volume has surged to $186.13 million, reflecting a 26.02% increase, highlighting enhanced liquidity and rising investor interest. The platform’s recent achievement of a record-setting $5.6 billion in open interest demonstrates its strong position in the decentralized derivatives market.

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Read More: Underdogs With 1000x Potential? Codename:Pepe, Hyperliquid, and Pi Network Could Define 2025’s Supercycle

Ethereum Breaks Above $1,900 Realized Price, Signaling Bullish Turn

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  • Ethereum surged 44% in a week to $2,600 after the Petra upgrade cut supply.
  • Realized price of $1,900 has been cleared, putting long-term holders into profit zone.
  • Over 98,000 ETH flowed into Binance while USDT withdrawals raise short-term liquidity concerns.

Ethereum has recently climbed above its realized price of $1,900, a level that reflects the average purchase price of all coins in circulation. This move signals a shift in market sentiment, with long-term holders now in profit and a clear tilt toward bullish behavior.

The recent price jump was not only technical but also tied to an actual upgrade in the network. The Ethereum blockchain underwent the Petra upgrade, which helped drive its value to a peak of $2,600—marking a 44% rise in just a week. The upgrade introduced mechanisms that reduce ETH supply through increased burning, which in turn creates scarcity and boosts market confidence.

CryptoQuant’s analyst known as Crazzyblockk highlighted this upward momentum, explaining that Ethereum’s price now sits firmly above the realized price for accumulating addresses, especially those tracked on Binance. These are users who frequently deposit ETH or hold it long-term, indicating strong support from committed investors.

Binance’s Role in Ethereum’s Momentum

While the rally began around mid-April, it’s only in the past week that Ethereum crossed above the $1,900 line. This level is significant because it means those holding ETH long-term are no longer under water. Instead, they are in profit, and that tends to encourage further investment rather than selling.

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Source: CryptoQuant

Supporting this trend, Binance has seen consistent ETH outflows, which means more traders are moving ETH out of the exchange rather than selling it. This behavior often suggests users are holding ETH with confidence instead of preparing to sell in the short term.

These developments suggest the Ethereum market can handle profit-taking without losing momentum. The ability to stay above realized price during high-volume periods is usually a sign of ongoing strength, and right now, that’s what Ethereum is showing.

Stablecoin Liquidity Shift Raises Concerns

However, this bullish picture has its caveats. Another CryptoQuant analyst Amr Taha flagged significant stablecoin activity that may affect the broader trend. In his post titled “Binance’s Liquidity Shuffle: Tether Is Exiting Binance While Ethereum Pours In”, he noted three straight days of heavy USDT withdrawals from Binance.

Charts showing red bars and triangle icons reflect this stablecoin outflow, just as Bitcoin tested local highs. The departure of USDT—used by many for quick trades—suggests some traders are either locking in profits or waiting for better entry points. It also hints at reduced buying power in the short term, unless USDT comes back into exchanges.

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Source: CryptoQuant

Meanwhile, ETH inflows into Binance have been rising. Over two days, more than 98,000 ETH moved into the platform, one of the biggest inflows in recent weeks. This increase in ETH supply on Binance could bring some selling pressure, especially if the current price around $2,500 starts to slip.

This surge in ETH supply on Binance, combined with the exit of stablecoin liquidity, may create an unfavorable environment for further upside unless new capital enters the market,” Taha noted.

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Source: CryptoQunat

Read More | Ethereum Accumulation Addresses Grow 22% Despite Falling Into Unrealized Losses

Ethereum Skyrockets Above 2300 as Altseason Momentum Builds

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  • Ethereum breaks above $2,300, sparking renewed optimism and signaling a potential altseason resurgence.
  • Institutional support surges, with $92M in ETH withdrawn from exchanges and $32M earmarked by the Ethereum Foundation for ecosystem growth.
  • Key technical levels reclaimed, including the $2,285 BOS level, while RSI and Bollinger Bands point to strong bullish momentum.

Ethereum has reclaimed the spotlight after surging above the $2,300 mark for the first time in weeks, signaling a potential shift in broader crypto market sentiment. The move comes after a period of subdued price action and consolidation, offering fresh hope to investors looking for signs of an emerging altseason.

As of now, ETH is trading at $2,543, a modest pullback from the recent high but still firmly above the critical resistance-turned-support level of $2,200. The breakout through this zone, which had capped Ethereum’s upward momentum since March, has reignited optimism among both traders and analysts.

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Crypto analyst Ali Martinez highlighted $2,380 as the next key battleground. “If ETH breaks $2,380, it may ignite a fresh bull trend,” he noted on X, referencing significant on-chain resistance clusters around that price. These clusters represent large volumes of ETH previously sold at this level. if buyers overpower this wall, it could unleash further upside.

Behind the technical breakout lies a deeper structural rebound. Ethereum staged its recovery from a key demand zone between $1,550 and $1,600, where a pronounced lower wick on the charts hinted at aggressive buying pressure. Since that bottom, ETH has rallied over 40%, supported by a blend of retail enthusiasm and growing institutional confidence.

Ethereum Receives $32M Investment Boost

Institutional activity, in particular, has provided a notable tailwind. Blockchain intelligence firm Arkham reported that wallets tied to World Liberty Financial accumulated more than 1,500 ETH, roughly $3.5 million, suggesting growing institutional interest at current levels. Meanwhile, Abraxas Capital made headlines after withdrawing 49,644 ETH (valued at $92 million) from centralized exchanges like Binance and Kraken within a single day. Such large-scale movements are often interpreted as signs of a long-term holding strategy rather than preparation for imminent selling.

Further supporting Ethereum’s bullish outlook is a $32 million investment commitment from the Ethereum Foundation in Q1 2025. The funds are earmarked for ecosystem expansion and protocol development moves that analysts believe could underpin medium- to long-term growth and price stability.

Technical indicators are increasingly aligning with bullish momentum. Ethereum’s Relative Strength Index (RSI) currently sits at 73.07, a level traditionally considered overbought but also consistent with the early stages of strong upward trends when backed by high volume. ETH also broke above the upper Bollinger Band, reflecting increased volatility and trend acceleration.

Ethereum Reclaims Key Structure at $2285

Notably, the asset has also reclaimed a critical Break of Structure (BOS) level near $2,285. This level marked a major breakdown earlier in the year and now appears to be acting as short-term support. A successful retest could further solidify bullish control.

Market sentiment has notably shifted as trading activity surges. ETH’s daily trading volume soared 125% to hit $38 billion, while open interest in Ethereum futures doubled to $26.31 billion, signs of growing conviction and trader engagement. The rally was also fueled by a cascade of short liquidations, with $283 million wiped out in the past 24 hours, $235 million of which were bearish bets. These forced buy-ins added rocket fuel to Ethereum’s upward move.

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Some analysts have even drawn parallels between the current market structure and late 2019, speculating that Ethereum may oscillate between 2,200 and $3,900 in the weeks ahead, depending on whether bulls can maintain pressure and break key resistance levels.

As Ethereum reclaims critical territory, traders and investors alike are watching closely. With stronger fundamentals, renewed institutional support, and technical tailwinds at its back, Ethereum could very well be paving the path for a broader altcoin resurgence.

Related | Solana Price Prediction: Analysts Forecast $378 After Breakout Rally 

Lido Proposes Bold Dual Governance System for stETH Holders

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  • Lido’s dual governance grants veto power to stETH holders in protocol decisions
  • New governance model aims for more decentralization in Ethereum
  • Lido seeks to balance decentralization and fairness in Ethereum’s staking

Lido Finance’s new proposal seeks to address the decentralization and accountability in the Ethereum staking ecosystem. The Lido Improvement Proposal LIP-28, intends to give veto privileges over major protocol decisions to staked-ether(stETH) holders. The inclusion of stETH holders in the critical decision-making is a major shift in governance as it places them in line with LDO stakeholders.

At present, governance rights on the protocol are reserved exclusively for LDO tokenholders. LIP 28 outlines a dual governance model which provides stETH holders with veto rights on important protocol changes. Although StETH holders can not implement proposals on their own, their veto power earns them a voice on protocol decisions. The proposal seeks to address issues about centralized governance within Lido DAO.

Inclusion of stETH Holders in Ethereum Staking Platform

The proposal embeds a “dynamic” timelock contract that links governance decisions to their execution. This allows stETH holders to express their opposition by staking their stETH tokens into an escrow contract. If excess stETH is deposited in the escrow, the timelock the decision is extended and a “rage quit” system halts the implementation. This allows stakers to withdraw their tokens in opposition to the proposal which protects the unsatisfied users.

Lido’s governance model aims to equally support the interests of LDO token holders and stETH holders. This dual governance approach aims to create transparency and fairness in governance decisions.This proposal aims to prevent any party from monopolizing the protocol’s development, which is crucial because Lido controls a substantial amount of Ethereum’s stETH.

The proposal coincides with Ethereum’s spike triggered by the Pectra upgrade which fueled interest towards Ethereum native protocols such as Lido. Lido manages more than 25% of Ethereum’s staked assets,which demonstrates the influence of the protocol within Ethereum’s staking ecosystem. With the stETH holders into governance, the platform intends to align all stakeholders’ incentives.

Market Impact of LIP 28 Proposal

Other players in Ethereum’s staking market include Rocket Pool and Frax Ether. If approved, LIP 28 could motivate other DeFi protocols to reconsider their governance approach to include all stakeholders. Ethereum developers and stakeholders have expressed their appreciation for the proposal, citing the importance of the idea for the platform.

LIP 28 is under discussion and a formal on-chain vote for it is expected soon. If passed, it could transform the governance approach in Ethereum staking protocols. As Ethereum continues to dominate decentralized finance(DeFi), the implementation of the proposal could have major ramifications on the industry.

Lido’s native token, LDO, saw a 8.66 % increase in the last 24 hours which indicates support for the proposal.