Ethereum News: Ethereum Aims for $2,300 as Bullish Momentum Gathers Pace

Ethereum Price Eyes $2,300 As Rare Support Fuels Bullish Momentum

Ethereum price reclaimed $2,040 and is now eyeing a $2,300 breakout. The RWA sector surged 230%, and rare support at the 300-week MA signals a potential bounce toward $2,900. ETH is once again testing resistance at $2,300 after reclaiming its realized price near $2,040. The move follows a steep rebound from $1,500 in early March. Trading volumes remain flat, but open interest in ETH futures has steadily increased since the Federal Open market Committee (FOMC) meeting. Data from Ali Martinez confirms ETH now faces strong resistance at $2,300, with liquidation maps showing high sell pressure around that level, indicating cautious trader sentiment despite growing bullish calls. Ethereum’s MACD printed its highest reading since Nov. 2024.

Ethereum’s Pectra Upgrade Enters Final Testing Phase – Will ETH Price Pump?

Ethereum’s long-awaited Pectra upgrade has entered its final testing phase on the Hoodi test network. This marks a crucial step before the upgrade is officially launched on Ethereum’s mainnet. If all goes well, developers expect Pectra to go live within the next 30 days. Experts predict that the ETH price may surge following the successful completion of the final test. The Hoodi testnet is the last of three test networks to run the Pectra upgrade, with previous tests on Holesky and Sepolia facing technical issues.

Fidelity Joins Stablecoin Race with Tokenized Money Market Fund

Fidelity Investments is exploring its own stablecoin for a money market fund on the blockchain. The Ethereum-based fund will provide exposure to U.S. dollars and Treasuries. The stablecoin will serve as digital cash within the fund for efficient blockchain transactions. This marks Fidelity’s deep dive into the digital assets category and the burgeoning market of tokenized assets.

Azuki Releases Alpha Starter Decks for Upcoming Trading Card Game

The anime-inspired Ethereum NFT collection Azuki is releasing its Alpha Starter Decks this week. These decks include mystery loot, booster packs, and cards that will be playable in the brand’s upcoming trading card game (TCG). Each box, either a red “Shao” box or a blue “Raizan” box, will cost the equivalent of $95 of the ANIME token. Only Azuki community members who meet predetermined status levels will be able to purchase these boxes. The eligibility snapshot was taken Tuesday morning, so it’s too late to qualify if you don’t already own any Azuki NFTs. Azuki’s Games Division Manager Jon Chao is credited as the mind behind the upcoming game.