Ethereum News: Potential Breakout from Bear Trap Predicted with $10,000 ATH Target

Is Ethereum Breaking Free from the Bear Trap? Analysts Weigh In.

According to crypto analyst CryptoGoos, Ethereum (ETH) may be nearing the end of a bear trap. The analyst predicts that the cryptocurrency could surge past its recent range high of $4,000, potentially eyeing a new all-time high (ATH) of $10,000. Ethereum appears poised to break free from a potential bear trap, as the second-largest cryptocurrency by market cap continues to trade in the low $2,000 range after enduring a strong sell-off since December 2024. A bear trap refers to a false signal that makes it seem like an asset’s price is continuing to fall, tempting traders to short it – only for the price to suddenly reverse and rise, causing those short positions to get liquidated.

Coinbase Now Controls 11.42% of Staked ETH

Coinbase is now the largest individual node operator on the Ethereum network, controlling 11.42% of the total staked Ethereum. The platform has a 99.75% participation rate and uptime, ensuring staked assets continue generating rewards efficiently. Coinbase has also reported no instances of slashing or double signing, which means users’ funds have remained secure.

Coinbase Releases Ethereum Validator Performance Report

Coinbase has released its first Ethereum Validator Performance Report, revealing that the platform operates 120,000 validators with 3.84 million ETH staked, representing 11.42% of the total staked supply. An additional 581,500 ETH is staked through its partners. The report shows a 99.75% validator uptime with zero slashing or double signing cases since operations began.

Ethereum Leads Blockchain Development with 37.6K GitHub Commits

Ethereum dominated blockchain development through GitHub platform activities and developer participation over the past seven days. According to current data reports, Ethereum leads all other blockchains with 37.6K commits. The Ethereum blockchain community sustained its developer strength through its 2,481 active developers who contributed to its software ecosystem. SKALE and Cosmos rank as the second and third blockchain projects in terms of commits.