Ethereum News: Market Stabilizes as NVT Ratio Signals Recovery Potential

Ethereum's price recovery prospects are gaining traction as the Network Value to Transaction (NVT) Ratio hits a monthly low, indicating balanced transaction activity and reduced volatility. This development suggests a healthier network environment, potentially paving the way for Ethereum to regain its market footing.

Ethereum Price Eyes Recovery: Market Stabilizes with Decreased Selling Pressure

Ethereum’s Network Value to Transaction (NVT) Ratio is experiencing a decline, recently hitting a monthly low. A low NVT indicates that transaction activity is balanced with network value, reflecting reduced volatility. This creates an environment conducive to price recovery, something Ethereum urgently needs to regain its footing. With the NVT ratio signaling healthy network activity, Ethereum is positioned to stabilize in the short term. Declining volatility often fosters investor confidence, making it more likely for the cryptocurrency to see renewed buying interest. As speculative activity wanes, Ethereum has an opportunity to chart a path toward meaningful recovery.

Ramp Network Enables Direct Ethereum Layer-2 Cash Outs for MetaMask Users

Ramp Network has partnered with MetaMask to allow users to directly cash out Ethereum Layer-2 (L2) tokens to over 35 fiat currencies without the need to bridge to the Ethereum mainnet. This integration simplifies the process of selling L2-based ETH tokens for cash, enabling users to initiate transactions directly from their wallets in seconds. The service is compatible with major L2 networks such as Optimism, Polygon, and BNB Chain, eliminating the need for bridging or transferring assets through exchanges. This reduces both transaction time and costs, enhancing the overall user experience. MetaMask users in more than 130 countries can now withdraw their L2-based ETH crypto to various payment methods.

Lido Founder Creates Second Foundation for Ethereum

Konstantin Lomashuk, founder of Lido and P2P.org, announced the creation of a 'Second Foundation' for Ethereum. This move comes amid significant leadership changes within the Ethereum Foundation, including the resignation of veteran developer Eric Conner. The Second Foundation aims to promote decentralized ideals and counter the 'bag-chasing' culture prevalent in the crypto space. While details remain vague, Lomashuk's social media activity suggests a focus on fostering decentralization.

Ethereum (ETH) Price Prediction For January 22

As of January 22, 2025, Ethereum (ETH) is trading at approximately $3,272.59, showing a minor dip of 0.446% from the previous close. The intraday high hit $3,367.92, with a low of $3,269.39. This ETH price performance highlights Ethereum’s stability within the dynamic cryptocurrency market. In the lead-up to January 22, 2025, Ethereum exhibited notable price movements. On January 17, 2025, ETH was trading at approximately $3,312.01, experiencing a 3.86% decline over 24 hours. Despite this short-term dip, Ethereum’s price demonstrated resilience, maintaining levels above $3,200. Analysts have observed bullish patterns in Ethereum’s price charts. After testing the support level at $3,222.00, ETH showed a bullish bias, suggesting potential for further upward movement. The next significant resistance is identified.