ETH Price Prediction: Bullish Momentum Builds on Technical and Fundamental Strength
ETH Technical Analysis Shows Bullish Signals Amid Key Support Levels
Ethereum (ETH) is currently trading at $2,666.19, comfortably above its 20-day moving average (MA) of $2,569.50, signaling a bullish trend. The MACD indicator shows a positive crossover with the histogram at 126.94, suggesting upward momentum. Additionally, ETH is trading NEAR the upper Bollinger Band at $2,700.02, indicating potential for further gains if the price breaks this resistance level. ’The technical setup looks favorable for ETH,’ says BTCC financial analyst John. ’The MACD divergence and position relative to the Bollinger Bands suggest buyers are in control.’
Ethereum Market Sentiment Turns Positive Amid Key Developments
Recent news around ethereum has bolstered market confidence. The Ethereum Foundation’s leadership overhaul and scalability updates, coupled with a U.S. court overturning Tornado Cash sanctions, have created a bullish backdrop. MetaMask’s launch of a Mastercard-backed crypto payments card and soaring Layer 2 adoption (up 62.7%) further support ETH’s utility. ’The combination of regulatory wins and ecosystem growth is driving positive sentiment,’ notes BTCC analyst John. ’However, Galaxy Digital’s $42M ETH transfer to Coinbase may introduce short-term volatility.’
Ethereum Foundation Announces Leadership Changes and Scalability Updates
The Ethereum Foundation has unveiled significant leadership changes alongside technical upgrades aimed at enhancing network scalability. Aya Miyaguchi has transitioned from her managerial role to assume the presidency, while Hsiao-Wei Wang and Tomasz K. Stańczak join as Co-Managers. These moves respond to growing community demands for transparency and improved governance.
The Foundation’s roadmap includes critical scalability improvements, which market observers expect to influence ETH price volatility. With Ethereum trading at $1,798, these developments could reshape market expectations for the network’s long-term performance.
Tornado Cash vs OFAC Update: Court Prohibits Department of Treasury from Reinstating the Original Sanctions
A federal court has delivered a significant victory for Tornado Cash, ruling against the Office of Foreign Assets Control (OFAC) and barring the reinstatement of sanctions on the cryptocurrency mixer. The decision marks a pivotal moment for decentralized finance (DeFi) and web3 development, both in the United States and globally.
United States District Judge Robert Pitman sided with Tornado Cash, which OFAC had accused of facilitating money laundering by bad actors, including North Korea’s Lazarus Group. The sanctions, imposed in August 2022, alleged Tornado Cash processed over $7 billion in illicit crypto assets.
While the ruling underscores the legal complexities surrounding privacy tools in crypto, it also highlights the persistent risks posed by mixers to market integrity. The outcome may influence future regulatory approaches to decentralized protocols.
MetaMask Launches Crypto Payments Card Backed by Mastercard
MetaMask is making a bold move into the crypto payments space with a new self-custody card powered by Mastercard. Developed in partnership with CompoSecure and Baanx, the metal payment card allows users to spend directly from their MetaMask wallets, bypassing centralized exchanges.
The card leverages Linea, an Ethereum layer-2 solution, enabling real-world transactions in under five seconds through smart contracts. This innovation arrives amid growing security concerns following February’s $1.4 billion Bybit hack, positioning MetaMask as a safer alternative for crypto transactions.
U.S. Court Overturns Tornado Cash Sanctions in Win for Crypto Privacy
A federal court has reversed its earlier decision supporting the Treasury Department’s sanctions against cryptocurrency mixer Tornado Cash, dealing a blow to regulatory overreach. The ruling prohibits OFAC from reimposing restrictions on the privacy tool, marking a significant victory for digital asset advocates.
Coinbase Chief Legal Officer Paul Grewal celebrated the decision on social media, praising plaintiffs for challenging government overreach. "Congratulations to the brave plaintiffs who had the courage to stand up to their own government for their rights under law," Grewal stated, highlighting the protracted legal battle that included multiple government attempts to delay judgment.
Ethereum Developers Propose New Fee Model to Support Diverse Projects
Ethereum developers are advancing a novel fee structure designed to enhance the platform’s long-term viability. The proposal introduces a square root-based calculation to scale fees proportionally with project size—smaller initiatives face higher relative costs, while large-scale operations benefit from a 1% cap.
A $170,000 project would incur approximately 7% in fees under this system. This tiered approach emerges as a direct response to evolving market demands, seeking equilibrium between sustaining network infrastructure and fostering ecosystem growth.
Ethereum Holds Steady Above $1,800 Amid Strategic Pivot in Development Focus
Ethereum demonstrates resilience as ETH/USD maintains its footing above the $1,800 threshold, marking a 30% recovery from April’s lows near $1,386. Despite remaining 45% below its all-time high, the asset shows stability in volatile market conditions.
The Ethereum Foundation has recalibrated its roadmap, shelving the contentious EOF upgrade in favor of prioritizing PeerDAS scaling solutions. This strategic shift coincides with a leadership restructuring aimed at accelerating Layer 1 and Layer 2 scaling initiatives while enhancing user experience over the coming year.
Market participants are eyeing potential catalysts including the May 7 Pectra upgrade and macroeconomic developments that could shape Ethereum’s price trajectory. The removal of EOF from the Fusaka roadmap signals a pragmatic approach to network evolution, with developers concentrating on near-term scalability improvements.
Galaxy Digital’s $42M Ethereum Transfer to Coinbase Sparks Market Speculation
Galaxy Digital moved 23,900 ETH ($42M) from its OTC wallets to Coinbase, triggering concerns of a potential institutional sell-off. Such large transfers historically precede volatility, yet ETH’s price held steady at $1,800—a sign of persistent demand.
The transaction likely reflects portfolio rebalancing rather than outright liquidation. Market participants are scrutinizing blockchain data for clues, as institutional movements increasingly dictate short-term sentiment in crypto markets.
Ethereum Layer 2 Adoption Soars 62.7%, But Critics Remain Skeptical
Ethereum’s Layer 2 solutions are experiencing explosive growth, with Unichain and Base emerging as frontrunners in driving adoption. The ecosystem now boasts a record 15.4 million active addresses—a 62.7% weekly surge—while Layer 2 networks process 6.65x more transactions than Ethereum’s mainnet.
Unichain dominates EVM chains with 5.8 million active addresses, capturing 39.26% of tracked users just two months post-launch. Base shows similar promise, though technical details were truncated in the source material. Ethereum’s modular architecture successfully offloads activity to Layer 2 while maintaining mainnet security for transaction finality.
Despite bullish metrics, skepticism persists about long-term scalability. The data suggests Layer 2 solutions are becoming Ethereum’s primary throughput engine, potentially reshaping its value proposition.
Ethereum Layer 2 Networks Drive Surge in User Activity
Ethereum’s ecosystem is witnessing a seismic shift as Layer 2 networks like Unichain and Base attract millions of users, relegating the mainnet to a secondary role. Active addresses on these scaling solutions jumped 62.7% in just seven days, with Unichain commanding 40% of total activity at 5.8 million addresses and Base securing 32% with 4.76 million.
The data reveals a stark contrast to Ethereum’s mainnet, which managed only 2.06 million active addresses. This migration underscores the growing preference for cheaper, faster transactions enabled by Ethereum’s modular architecture. While the numbers paint a compelling picture, some analysts question whether these metrics fully capture genuine user engagement versus speculative activity.
Coinbase’s Base Network Achieves ‘Stage 1’ Status, Reducing Centralization Risk
Coinbase’s Base network has advanced to a "stage 1" rollup, marking a significant step toward decentralization. The layer-2 solution now features a security council composed of ten independent global entities, drawn from both the Base and Ethereum ecosystems. This council will oversee network upgrades when necessary.
Fault proofs on Base have become permissionless, enabling anyone to verify transactions. The move aligns Base with other layer-2 networks that have reached similar decentralization milestones, reducing reliance on centralized control.
Ethereum Foundation Unveils 2025 Roadmap with Leadership Overhaul
The Ethereum Foundation has charted a bold course for 2025, announcing structural reforms and technical ambitions that could redefine the blockchain’s trajectory. A dual-pronged strategy emerges—streamlining governance through a revised leadership model while pushing scalability solutions to address Ethereum’s enduring growing pains.
Co-founder Vitalik Buterin and board member Aya Miyaguchi jointly articulated the foundation’s refreshed ethos, emphasizing CORE values that appear to balance decentralization with operational pragmatism. The roadmap’s twelve-month horizon suggests urgency in maintaining Ethereum’s competitive edge against rival Layer 1 networks.
