ETH price is retesting a long-term support trend line that previously preceded a 5,200% rally, a fractal setup pointing to a potential move toward $60,000 by 2030. Fundstrat co-founder Tom Lee shared a "generational play" thesis for Ethereum that predicts 3,000% upside in Ether (ETH) price to $60,000. Key takeaways: On Wednesday, Lee reposted a bullish outlook shared by analyst Crypto Patel that predicted ETH's price reaching $60,000 in the coming years. Read more
Ethereum market participants saw the 100-day SMA at $2,200 as particularly important for bulls to hold to avoid a deeper correction. Ether (ETH) analysts have mapped out key ETH price levels to watch over the next few weeks, with a focus on the $2,000 psychological level. Key takeaways: Data from TradingView showed the ETH/USD pair trading below $2,300, down 5% over the last two days and erasing all gains made over the weekend. Read more
The Ethereum Economic Zone aims to unify fragmented rollups, but its broader goal is to extend interoperability to other blockchains, says Ernst. A proposal to stitch Ethereum’s fragmented liquidity together extends beyond its own ecosystem and may bring other blockchains into the fold. On March 29, Gnosis, a long-time Ethereum builder and blockchain infrastructure company, unveiled that it is developing the Ethereum Economic Zone (EEZ) with Zisk, a zero-knowledge virtual machine project. The EEZ is aimed at linking layer-2 rollups more tightly to Ethereum layer 1, with Ether remaining as the gas token and settlement layer. It introduces a model where smart contracts can interact across mainnet and EEZ rollups with atomic execution. Read more
The funding follows a $290 million rsETH bridge exploit that disrupted DeFi markets and triggered a coordinated recovery effort. Consensys and Ethereum co-founder Joe Lubin have joined DeFi United, committing as much as 30,000 ETH to a recovery effort aimed at restoring rsETH backing after a $290 million bridge exploit triggered widespread disruptions across DeFi. The initiative, led by participants in Aave DAO, aims to support affected users and stabilize rsETH markets, with governance approvals still pending across involved protocols. The funding is intended to provide immediate liquidity while governance processes continue, with an eye on limiting disruption across DeFi protocols. Sharplink, a publicly traded Ethereum treasury company, has joined in an advisory role to help structure the recovery plan. Read more
Ethereum signalled a potential rally to $6,000 as bullish technicals, tightening supply, and rising institutional demand are starting to look like major tailwinds. Ether’s (ETH) 33% rally from its sub-$1,800 multi-year lows appears to be cooling, but several key metrics suggest the top altcoin is primed for a bigger rally toward $6,000 or higher. Key takeaways: Ether is currently displaying a technical setup similar to past cycles that ignited a massive rally in ETH price. Read more
Ethereum’s record 32.33% staking ratio is shrinking liquid supply, reducing sell pressure and potentially supporting an ETH price recovery over time. Ether (ETH) has fallen about 5.5% against Bitcoin (BTC) over the past week, and a bearish continuation setup now points to the risk of deeper losses ahead. Key takeaways: ETH/BTC’s bear flag pattern points to a possible 10% drop toward 0.026 BTC in May. Read more
ETH price rising to $2,400 drove whales to open large ETH long bets, as technical indicators suggest a short-term ETH price rally toward $3,000. An Ethereum whale has opened a significant long position on Ether (ETH) worth $90.8 million, in what looks like a bold bet that the upside is not over for the top altcoin. Key takeaways: Ethereum whale opened a leveraged long position totaling $90.8 million. Read more
Why Bitcoin and Ethereum are taking different paths to address future cryptographic risks and long-term blockchain security. Quantum computing has long been viewed as a distant, largely theoretical threat to blockchain systems. However, that perspective is now starting to change. With major technology companies such as Google establishing timelines for post-quantum cryptography, and crypto researchers re-examining long-held assumptions, the discussion is shifting from abstract theory to concrete planning. However, Bitcoin and Ethereum, two major blockchain networks, are addressing the quantum computing threat in different ways. Both networks depend on cryptographic systems that could, in principle, be compromised by sufficiently powerful quantum computers. However, their approaches to addressing this shared vulnerability are evolving in markedly different directions. Read more
Foundation is shutting down after a failed sale to Blackdove, having processed about $230 million in NFT primary sales since its launch in 2021. Foundation, one of the better-known Ethereum-based non-fungible token (NFT) marketplaces of the 2021 boom, is shutting down after the sale that was supposed to keep it operating fell apart. Kayvon Tehranian, Foundation’s founder and CEO, took to X on Wednesday to announce the marketplace’s closure following a failed acquisition by the digital art distribution platform Blackdove. Although Tehranian did not directly mention Blackdove, he said the original goal of the sale was to ensure the platform would continue operating under new ownership. “That’s no longer possible,” he said, adding that Foundation is not in a position to bring the marketplace back online. Read more
EIP-8105 proposes a scheme-agnostic encrypted mempool for Ethereum, designed to hide transaction payloads until after inclusion and reduce harmful MEV. Sandwich attacks cost Ethereum users an estimated $60 million per year. Transactions broadcast to the public mempool are publicly visible before inclusion, which gives MEV bots the ability to affect the order of transactions and insert their own for profit. This problem has persisted on some level in spite of years of discussion and various out-of-protocol mitigation attempts. Encrypting mempool transactions would be one of the most compelling solutions to prevent MEV. While this idea has been actively discussed for years, it has not yet been implemented at the protocol level. In our earlier research, we examined several proposals based on threshold-encryption, including Shutter, Batched Threshold Encryption, and Flash Freezing Flash Boys. In this article, we turn to a meta proposal titled “Universal Enshrined Encrypted Mempool (EIP-8105)“. Universal Enshrined...