Ethereum News: Volatile ETH Consolidates Around $2K Support Amid Market Uncertainty

A detailed analysis of Ethereum’s recent price action reveals a volatile period marked by significant declines and key support levels. Here’s what investors need to know.

ETH Price Analysis: Key Levels to Watch After Holding $2K Support

Ethereum has recently faced a sharp decline, plunging nearly 30% to reach the critical $2K support level. This drop followed a rejection at the 200-day moving average near $2.9K and was aggravated by market uncertainty triggered by President Trump’s tariff war announcement. The fear-driven sell-off has left Ethereum in a volatile state, but the $2K region has provided significant support. For now, consolidation between the $2K and $2.5K range is expected as market participants wait for a breakout to dictate the next major move.

ETHTaipei 2025 Partners with ETHGlobal, Vitalik Buterin to Deliver Keynote

ETHTaipei 2025, the flagship annual gathering of the Ethereum ecosystem, will take place at POPOP Taipei in April 2025. This year, ETHTaipei joins forces with ETHGlobal to create a series of events featuring two days of conferences and three days of hackathons. Ethereum co-founder Vitalik Buterin will deliver a keynote speech and participate in multiple panels at the two-day conference.

Ethereum’s Sepolia Testnet Upgrades to Pectra

The Pectra upgrade merges Prague and Electra updates, aiming to improve network usability, staking, scalability, and infrastructure. It introduces Account Abstraction (EIP-7702), allowing wallets to function more like smart contracts and pay transaction fees with assets like USDC. This upgrade is a major win for usability and user experience.

Ethereum’s Pectra Upgrade Successfully Deployed on Sepolia Testnet

Ethereum’s highly anticipated Pectra upgrade has successfully gone live on the Sepolia testnet, marking a crucial step toward its eventual mainnet deployment. The upgrade was activated at 7:29 am UTC on March 5, achieving a flawless proposal rate. This marks the second phase of Pectra’s testnet activations, following its initial rollout on the Holesky testnet on February 24. However, Holesky’s activation faced unexpected challenges due to incorrect deposit contract addresses in execution clients, causing chain splits and finality delays. Ethereum developers swiftly addressed the issue, stabilizing the network and ensuring the Sepolia deployment proceeded as planned.