Ethereum News: ETH Faces Potential Decline as Major Whales Risk Liquidation

In a volatile market, Ethereum’s price movements continue to captivate investors and analysts alike. Recent data indicates that two significant whale vaults holding a substantial amount of ETH are at risk of liquidation, which could further impact the cryptocurrency’s price.

Ethereum (ETH) Might See Further Decline As Two Whales At Risk Of Liquidation

Ethereum has dropped around 3% in the past 24 hours, slipping below the $1,900 mark once again. This decline is putting pressure on large Leveraged positions within the DeFi ecosystem. According to on-chain data from Lookonchain, two major whale vaults on Maker, holding a total of 125,603 ETH (valued at approximately $235 million), are now approaching critical levels, risking liquidation if ETH’s price continues to decline.

Vitalik Buterin Details Ethereum Layer 2 Roadmap and Pushes for Open-Source Funding

Vitalik Buterin has provided details on the Ethereum Layer 2 roadmap and emphasized the importance of open-source funding. He believes that public goods funding is still subject to social desirability bias and that the crypto community should prioritize open-source funding instead. The Ethereum network will need to increase its data capacity to accommodate the L2 model release, but there is an upgrade in the works. Pectra, possibly launching by April 30, could raise blob space to up to 6 units, and by the end of the year, the network plans to have 72 units through the Fusaka upgrade or at least bulk up to 12-24 units. Buterin’s L2 proposal will feature a system with a 2/3 multi-signature mechanism, utilizing optimistic, zero-knowledge (ZK), and trusted execution environment (TEE) proof types.

Ethereum Monthly RSI At 2018 Market Low — Potential Rebound?

The price of Ethereum reclaimed the $2,000 level earlier this week but fell back below due to the latest inflation data in the United States. Despite a market-wide bull run, Ethereum has struggled over the past few months. A prominent indicator, the Monthly RSI, has reached 2018 bear market levels, suggesting that Ethereum could be gearing up for a rebound.

Is ETH Dead as an Investment? Analysts Weigh In

Ether’s (ETH) underperformance has sparked criticism and speculation in the crypto community. Quinn Thompson, founder of Lekker Capital, insists that ETH is now dead as an investment, citing a decline in transaction activity, user growth, fees, and revenue. While some analysts disagree, others concur with his assessment.