Ethereum News: Price Surge and Future Target Levels Revealed

Ethereum Price Breaks Out with 10% Surge

Ethereum price started a fresh increase from the $2,080 zone and is now trading above $2,400. The digital asset has broken above the $2,350 resistance zone and the 100-hourly Simple Moving Average. A key bearish trend line with resistance at $2,240 on the hourly chart of ETH/USD has been breached. For the upward momentum to continue, Ethereum must clear the $2,500 and $2,550 resistance levels.

3 Altcoins to Watch in the First Week of March 2025

BeInCrypto has highlighted Ethereum (ETH) as one of the altcoins to watch. ETH surged 13% on Monday but retraced slightly, trading at $2,349. The upcoming Pectra upgrade aims to enhance network scalability, potentially driving renewed investor interest and pushing ETH towards $2,654. Holding above $2,344 is crucial to sustain upward momentum.

Ethereum Foundation Restructures Leadership

The Ethereum Foundation (EF), the non-profit organization supporting the development of the Ethereum blockchain, has announced two new co-Executive Directors, Hsiao-Wei Wang and Tomasz Stańczak. Their new engagements will take effect on March 17th. Under their leadership, the EF aims to ensure the growth of Ethereum and its ecosystem, advancing CORE values such as open source, security, privacy, and permissionless global collaboration. The Ethereum ecosystem is navigating a challenging transition from an early-stage project to a broader platform.

Ethereum Layer 2 TVL Plummets by 47.2%

The total value locked (TVL) in the Ethereum Layer 2 ecosystem has seen a significant decline, falling from $65 billion to $34.29 billion. This dramatic drop indicates a shift in investor perspectives regarding network scaling within the Ethereum ecosystem. The top 5 Layer 2s by TVL on Ethereum are Arbitrum One with $13.8 billion, Base with $11.85 billion, OP Mainnet with $4.59 billion, ZKsync Era with $0.839 billion, and Starknet with $0.593 billion.