Ethereum’s Bullish Surge: Whales Drive Market Momentum Amid U.S.-China Trade Optimism
Ethereum has staged a remarkable recovery, surging over 10% in the past 24 hours, fueled by bullish sentiment and heightened whale activity. The rally gained momentum following comments from U.S. Treasury Secretary Scott Bessent, which hinted at easing trade tensions between the U.S. and China. This development has reignited investor confidence, leading to a significant uptick in on-chain metrics, including a notable $127 million in transactions. As whales become increasingly active, the market anticipates heightened price volatility, potentially paving the way for further gains. This resurgence marks a pivotal moment for Ethereum, as it breaks free from weeks of stagnation and positions itself for a potential sustained upward trajectory.
Whales Turn Active After Ethereum’s Strong Recovery
Ethereum’s price has seen a significant jump after being in a slump for weeks. The recovery gained momentum after U.S. Treasury Secretary Scott Bessent’s comments hinting at easing trade tensions between the U.S. and China. As Ethereum recovered strongly, whales became more active, potentially leading to increased price swings. In the past 24 hours, Ethereum gained over 10%, causing a noticeable rise in several on-chain metrics, with $127 million worth of Ethereum positions being liquidated.
Vitalik Buterin Proposes Replacing Ethereum’s EVM With RISC-V
Ethereum co-founder Vitalik Buterin has proposed a radical overhaul of the system that powers Ethereum’s smart contracts by replacing the Ethereum Virtual Machine (EVM) with RISC-V. This is one of the key stories in the latest issue of The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development.
Ethereum Price Prediction 2025: Potential 10x Rally Hinges on Trade Setup
Ethereum faces a pivotal moment as technical analysis suggests a possible 10x rally in 2025, contingent on favorable market conditions. The cryptocurrency recently peaked at $2,078 before succumbing to bearish pressures, plunging to $1,386 amid macroeconomic uncertainty and whale-induced volatility.
April 2025’s price action reflects crypto’s characteristic turbulence—initial recovery efforts collapsed under sustained selling pressure. While trader de-risking accelerated the decline, average-range technical indicators hint at latent bullish potential waiting to be unlocked.
Nvidia Pauses Arbitrum Partnership Amid Crypto Skepticism
Nvidia abruptly halted its planned collaboration with Arbitrum, an Ethereum Layer 2 scaling solution, moments before the official announcement. The deal would have integrated Arbitrum into Nvidia’s Ignition AI Accelerator program, a platform designed to support emerging AI startups.
The cancellation aligns with Nvidia’s established reluctance toward cryptocurrency ventures. Chief Technology Officer Michael Kagan previously dismissed blockchain technology’s societal value, stating "Crypto doesn’t bring anything useful for society" in 2023. This stance persists despite growing convergence between AI and distributed ledger technologies.
Arbitrum’s native token (ETH) remains unaffected by the news, continuing its position as a leading Layer 2 solution. The network’s technology stack still offers significant throughput improvements for Ethereum-based applications.
