Ethereum News: Potential Recovery Phase Signaled as ETH Reclaims Realized Price, But Hurdles Remain

Ethereum has shown signs of renewed Optimism as it recently reclaimed its realized price, hinting at a potential recovery phase. However, challenges still lie ahead for the cryptocurrency.

Ethereum [ETH] Short-Term Price Analysis

Ethereum recently reclaimed its realized price at $2,040, signaling renewed optimism. At press time, ETH was trading at $2,064.80, down slightly by 0.10% in the last 24 hours. Historically, crossing the realized price marks the beginning of a bullish trend, hinting at a potential recovery phase. However, Ethereum faces hurdles, with $2,300 remaining a strong resistance level. MVRV and whale interest suggest early recovery signs, but rising reserves and falling gas prices indicate short-term caution.

Ethereum Developers Launch Pectra Upgrade on Hoodi Testnet

Ethereum developers have successfully activated the long-anticipated Pectra upgrade on the Hoodi testnet. This marks another milestone in preparation for its eventual mainnet deployment expected in the second quarter of 2025. Within just 30 minutes of activation, the Hoodi testnet successfully forked and finalized the Pectra upgrade. Hoodi was launched as a dedicated testing ground after earlier attempts on the Holesky and Sepolia testnets faced technical complications.

Copper Partners with Everstake for Secure Staking Services

Copper, a digital asset custody leader, has announced a partnership with Everstake to offer institutional investors secure staking services. The collaboration combines Everstake’s decentralized infrastructure and 99% uptime with Copper’s industry-leading security and settlement capabilities. This addresses the key concerns of institutional token holders, such as choosing reliable staking validators and maintaining network decentralization, with 78.4% of institutional investors citing centralization risk as a major issue. Institutional clients can now securely stake ETH and potentially other assets with top-tier asset protection.

Has ETH Exhausted Its Upward Movements? (Ethereum Price Analysis)

Ethereum has entered a consolidation phase after a short-term recovery, with the price stalling below the $2,200 resistance zone. The recovery from the $1,800 low has lost momentum, and ETH continues to trade well below the 200-day moving average NEAR $2,900. The RSI is cooling off, reflecting a lack of strong trend direction. For buyers to regain control, ETH must close above $2,200 and move towards $2,400. Failure to do so could lead to a decline towards the $1,800-$1,900 support zone.