Ethereum Surges 9% Amid Market Recovery: Key Drivers and Future Outlook

Ethereum’s price surged by 9% in the past 24 hours, breaking above the $1,500 mark as the broader cryptocurrency market showed signs of recovery. This upward movement was fueled by a combination of positive macroeconomic factors, including a favorable U.S. inflation report and the temporary suspension of certain tariffs. The rally also shifted the Crypto Fear & Greed Index from ’Extreme Fear’ to ’Fear,’ indicating a slight improvement in investor sentiment. However, despite the price rebound, Ethereum-focused exchange-traded funds (ETFs) continued to experience outflows, with $11.2 million withdrawn from these investment vehicles. Notably, Ethereum outperformed Bitcoin during this period, posting an 8.1% gain compared to Bitcoin’s relatively modest growth. While the short-term outlook appears optimistic, lingering concerns about regulatory scrutiny and macroeconomic uncertainty could influence Ethereum’s trajectory in the coming weeks. Analysts will be closely monitoring key resistance levels and institutional interest to gauge whether this rebound marks the beginning of a sustained uptrend or a temporary relief rally.

Ethereum Price Soars 9% as Crypto Market Rebounds: What’s Next?

Ethereum price jumped 9% in the past 24 hours, rising above $1,500 after a positive inflation report and the U.S. decision to pause tariffs. This helped shift the Crypto Fear & Greed Index from “Extreme Fear” to “Fear.” Despite the rebound, investors continue pulling out of crypto ETFs, with Ethereum funds seeing $11.2 million in outflows. ETH outperformed Bitcoin with an 8.1% gain, but the overall sentiment around Ethereum has turned increasingly negative since December 2021, dropping over 77% in value against Bitcoin.

Vitalik Buterin Proposes Simplified Layer-1 Privacy Roadmap for Ethereum

Ethereum co-founder Vitalik Buterin has shared a new proposal aimed at improving user privacy on Ethereum without major changes to the network. In an Apr.11 post, Buterin explained how wallets and developers could take small but meaningful steps to protect users. The proposal stresses integrating privacy tools like Railgun and privacy pools directly into existing wallets, making privacy a natural part of how users send and receive funds. Wallets could include shielded balances and allow private transactions by default, supported by technical upgrades FOCIL and EIP-7701.

Trump-Linked WLFI Denies $8M ETH Sell-Off Rumors

World Liberty Financial (WLFI), a cryptocurrency initiative tied to the Trump family, has strongly denied reports of selling $8 million worth of Ethereum earlier this week. The claims surfaced after blockchain intelligence platform Arkham flagged a wallet allegedly linked to WLFI for dumping ETH during a price dip to $1,465. In response, a WLFI spokesperson clarified, “No assets have been sold. The claims are completely false, and any speculation is inaccurate.”

HashKey Wins Hong Kong Approval to Offer Staking, Boosting PoS Appeal

Hong Kong-based cryptocurrency exchange HashKey has received regulatory approval from the Hong Kong Securities and Futures Commission (SFC) to offer staking services. This move could significantly expand the appeal of proof-of-stake (PoS) investments, such as spot Ether exchange-traded funds (ETFs), among institutional investors. HashKey is now one of the first regulated exchanges in Hong Kong to offer such services, following new regulatory guidance issued by the SFC to Licensed Virtual Asset Trading Platforms (VATPs) and authorized funds on how to implement staking in a compliant framework.