ReportWire

Tag: ethereum

  • Vitalik Buterin Decided To ‘Leave University For Good,’ But Confirmation That It Was A Good Idea Only Came When He Experienced This ‘Social Proof’

    [ad_1]

    Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin once revealed that his decision to leave college wasn’t a planned move driven by conviction, but a reaction to realities he faced at the time.

    In an essay titled “The End of My Childhood” from 2024, Buterin reminisced about his early days in the cryptocurrency world and how he was drawn to leadership roles.

    Buterin said he intended to pursue a paid internship at blockchain company Ripple (CRYPTO: XRP) in 2013. At the time, he was enrolled in the University of Waterloo in Canada. However, due to complications with his U.S. visa, he found himself working on Bitcoin Magazine, a print publication he had co-founded earlier.

    Don’t Miss:

    By the end of August that year, Buterin chose to extend his vacation by a year to “spend more time exploring the cryptocurrency world.”

    Then the Bitcoin Miami Conference happened, which changed his life forever.

    “Only in January 2014, when I saw the social proof of hundreds of people cheering on my presentation introducing Ethereum at BTC Miami, did I finally realize that the choice was made for me to leave university for good,” Buterin said.

    Trending: It’s no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.

    The cryptocurrency mogul stated that the decision to drop out wasn’t a “big, brave step done out of conviction” and that most of his decisions in Ethereum involved responding to other people’s pressures and requests.

    Buterin started building Ethereum, an alternative to the Bitcoin (CRYPTO: BTC) blockchain, with broader use cases in decentralized finance. In 2015, he and his team, including Charles Hoskinson, co-founder of Cardano (CRYPTO: ADA), deployed the Ethereum blockchain.

    Today, it’s the largest blockchain for decentralized finance, with over $54 billion in total value locked according to DeFiLlama. Moreover, its native token, ETH, is the second-largest cryptocurrency by market capitalization.

    Read Next: 

    Photo Courtesy: Alexey Smyshlyaev on Shutterstock.com

    [ad_2]

    Source link

  • Crypto Funds Bleed $173M As Outflows Extend To Fourth Week – Report

    [ad_1]

    Crypto exchange-traded products (ETPs) have extended their negative streak to a fourth consecutive week after US market weakness pushed global funds to over $170 million in weekly outflows.

    Related Reading

    Crypto Funds Outflows Extend Amid US Weakness

    According to the latest CoinShares data, crypto-based investment products recorded their fourth week of outflows amid the negative market sentiment of the past month.

    In a Monday report, James Butterfill, head of research at CoinShares, shared that global crypto funds closed the week with negative net flows totaling $173 million, bringing cumulative four-week outflows to $3.47 billion.

    Crypto asset funds see negative net flows for fourth consecutive week. Source: CoinShares

    Notably, crypto ETPs recorded over $1.7 billion in outflows each of the last two weeks of January as the market sentiment shifted, marking the largest negative net flows since November 2025.

    Over the past two weeks, investment products have seen outflows of $187m and $173m, respectively.  The latest figures suggest that the strong selling pressure has slowed, although it has not yet reversed despite improved market sentiment.

    “The week began on a more positive note, with inflows of US$575m, followed by outflows of US$853m, likely driven by further price weakness. Sentiment improved slightly on Friday following weaker-than-expected CPI data, with inflows of US$105m,” he detailed.

    Meanwhile, ETPs’ trading activity also dropped notably, with volumes falling to $27 billion from a record $63 billion recorded the previous week.

    Butterfill noted that the funds also saw a sharp regional divergence in sentiment between the US and the rest of the world. Per the report, the US saw $403 million in outflows last week, while all other regions recorded $230 million in inflows.

    Germany, Canada, and Switzerland registered the strongest performance, with inflows worth $114.8 million, $46.3 million, and $36.8 million, respectively.

    Altcoins See Selective Resilience

    As the report noted, the two leading cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), saw the worst performance among major assets. The flagship crypto had the weakest sentiment, recording $133 million in negative net flows, fueled by BlackRock IBIT’s $235 million in outflows.

    crypto
    BTC, ETH lead outflows, while altcoins show demand. Source: CoinShares

    However, short Bitcoin investment products also recorded outflows, totaling $15.4 million over the past two weeks, “a pattern often seen near market lows,” Butterfill added.

    Related Reading

    Ethereum suffered $85.1 million in outflows, led by BlackRock ETHA’s $112.7 million, while Hyperliquid saw $1 million in outflows.  On the flip side, some altcoin-based investment products saw positive sentiment, continuing to attract fresh inflows last week.

    Crypto funds based on XRP led the charge with $33.4 million in inflows, adding to the previous week’s $63.1 million positive flows. Solana ETPs followed second with $31 million inflows, a notable increase from the $8.2 million recorded the week prior, signaling confidence in these assets despite the broader trend.

    crypto, TOTAL
    The total crypto market capitalization is at $2.35 trillion in the one-week chart. Source: TOTAL on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

    [ad_2]

    Rubmar Garcia

    Source link

  • Ethereum $1,900 Retest Could Decide Next Major Move – Is ETH Preparing For New Lows?

    [ad_1]

    As most of the crypto market retests crucial levels, Ethereum (ETH) is attempting to reclaim a major horizontal area. Some market observers have warned that cryptocurrency could fall to new lows if the price doesn’t bounce soon.

    Related Reading

    Ethereum Weekly Close On Sight

    On Thursday, Ethereum dropped 1.4% to retest a key area for the second consecutive day. After hitting a 10-month low of $1,747, the King of Altcoins bounced more than 15% to trade between $2,000 and $2,150 over the past few days.

    However, the second-largest cryptocurrency by market cap failed to hold the crucial $2,000 horizontal barrier on Wednesday and tested the $1,900 mark for the first time in a week.

    After attempting to reclaim the key psychological level in the early hours of Thursday, Ethereum was rejected toward the recent lows, briefly falling below it. Analyst Ted Pillows highlighted the importance of ETH’s current zone, as it has previously triggered major moves.

    To him, if the altcoin fails to reclaim the $2,000 area in the coming days, a full retrace toward the recent lows should be expected soon. Similarly, market observer Crypto Busy noted that the cryptocurrency is currently trading above a major long-term support.

    According to the post, the recent correction has sent Ethereum toward a three-year rising support line, which “will decide the next big move.” The analyst warned that “If the trendline breaks with strong weekly closes below $1,900, the structure weakens.”

    Therefore, ETH must hold its current levels in the coming days to avoid a weekly close below this level. Otherwise, its price could drop “into the next liquidity pockets around $1,600 and possibly $1,300, where the next historical support zones exist.”

    Is ETH’s ‘Real’ Bull Market Two Years Away?

    Trader AlejandroXBT shared a potential macro-outlook for Ethereum that suggests the cryptocurrency could still see another major shakeout:

    My thesis is that the major bullish move that began around 2019–2020 has transitioned into a large and prolonged macro correction, and that Ethereum has been consolidating within this broader corrective structure ever since.

    He outlined four phases for the macro structure: the pump, the correction, the shakeout, and the moon. The initial phase, which occurred between 2019 and 2021, marked “the true impulsive bullish move,” with strong trend expansion and increasing momentum.

    ETH macro structure breakdown. Source: AlejandroXBT on X

    According to the market observer, the strong rally that followed the 2022 bear market appears to be a “counter-trend move within a broader corrective range” rather than a renewed bull market and the start of a new long-term cycle.

    As he explained, ETH’s range-bound behavior signals distribution and consolidation instead of continuation. “From this perspective, the apparent bull market that developed within the correction can be interpreted as a dead cat bounce, a technically strong bounce occurring inside a larger corrective structure,” he affirmed.

    Related Reading

    Therefore, the current macro structure would suggest that a final shakeout phase could “still be required to fully reset sentiment and liquidity before Ethereum can transition into a new impulsive bullish cycle.”

    Based on this, the trader anticipated a final liquidity-driven move to the downside in the coming months, followed by “the moon” phase, potentially next year, when “the structure suggests the conditions for a true long-term bullish continuation, with price discovery and expansion well beyond previous highs.”

    Ethereum, eth, ethusdt
    Ethereum’s performance in the one-week chart. Source: ETHUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

    [ad_2]

    Rubmar Garcia

    Source link

  • How Ethereum Could Become The Default Network For AI Development, Vitalik Explains

    [ad_1]

    My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

    My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

    I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

    When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

    Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

    My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

    Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.

    One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.

    I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.

    I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

    I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.

    [ad_2]

    Godspower Owie

    Source link

  • Ethereum Price $2,200 Collapse Raises Risk Of A Sub-$2K Spike

    [ad_1]

    Ethereum price started a major decline after it failed to clear $2,500. ETH is down 20% and is now struggling to stay above the $2,200 support.

    • Ethereum failed to stay above $2,550 and started a fresh decline.
    • The price is trading below $2,400 and the 100-hourly Simple Moving Average.
    • There is a major bearish trend line forming with resistance at $2,415 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could start a fresh increase if it stays above the $2,200 zone.

    Ethereum Price Dips 20%

    Ethereum price failed to remain stable above $2,550 and started a major decline, like Bitcoin. ETH price traded below $2,400 to enter a bearish zone.

    The bears even pushed the price below $2,250. A low was formed at $2,220 and the price is now showing bearish signs below the 23.6% Fib retracement level of the recent decline from the $3,040 swing high to the $2,220 low. There is also a steep bearish trend line forming with resistance at $2,415 on the hourly chart of ETH/USD.

    Ethereum price is now trading below $2,350 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,200, the price could attempt another increase. Immediate resistance is seen near the $2,350 level. The first key resistance is near the $2,420 level and the trend line.

    Source: ETHUSD on TradingView.com

    The next major resistance is near the $2,500 level. A clear move above the $2,500 resistance might send the price toward the $2,620 resistance or the 50% Fib retracement level of the recent decline from the $3,040 swing high to the $2,220 low. An upside break above the $2,620 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,800 resistance zone or even $2,880 in the near term.

    More Losses In ETH?

    If Ethereum fails to clear the $2,420 resistance, it could start a fresh decline. Initial support on the downside is near the $2,220 level. The first major support sits near the $2,200 zone.

    A clear move below the $2,200 support might push the price toward the $2,120 support. Any more losses might send the price toward the $2,050 region. The main support could be $2,000.

    Technical Indicators

    Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

    Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

    Major Support Level – $2,200

    Major Resistance Level – $2,420

    [ad_2]

    Aayush Jindal

    Source link

  • Next Ethereum Move Hinges On This Level, Says Glassnode Analyst

    [ad_1]

    A Glassnode analyst has pointed out how Ethereum is retesting a dense supply cluster that could set the tone for where the cryptocurrency heads next.

    Ethereum Is Trading At A Dense Level On The CBD

    In a new post on X, Glassnode analyst Chris Beamish has talked about how Ethereum is looking from the perspective of the Cost Basis Distribution (CBD). The CBD is an on-chain indicator that tells us about the total amount of ETH that investors last purchased at the various levels that the cryptocurrency has visited in its history.

    Below is the chart shared by Beamish that shows the CBD heatmap for Ethereum.

    As is visible in the graph, Ethereum’s bottom in November gave rise to a dense supply cluster on the CBD around the $2,750 level. Interestingly, the zone has since acted as a support barrier for the asset multiple times.

    The explanation behind this trend could lie in investor psychology. Generally, investors are sensitive to a retest of their cost basis since it can lead to a flip in their profit-loss balance. As such, they can be likely to show some kind of move when one takes place.

    When the retest is occurring from above, the holders might react by accumulating more in order to defend their break-even level. This is the pattern that has potentially been witnessed since the November bottom. From the chart, it’s apparent that Ethereum retested the $2,750 supply zone twice in December and both times, the asset was able to rebound.

    Recently, a third retest has taken place and so far, the support has held, but it only remains to be seen how long the coin will maintain above it. “Holding here suggests absorption and base building, but a breakdown would move price into thinner support where underwater supply may derisk,” explained the analyst.

    Usually, regions where a large amount of supply shares a cost basis tend to act as notable sources of support/resistance. The $2,750 cluster might fall in this category, but that doesn’t make it unbreachable. “Next move hinges on this level,” noted Beamish.

    In some other news, Ethereum has witnessed a decline in transaction fees recently, as highlighted by Glassnode in an X post.

    Ethereum Transfer Fees

    Following this drawdown, the transaction fees on the Ethereum blockchain has fallen to its lowest level since May 2017, a potential indication that network activity has gone down.

    ETH Price

    At the time of writing, Ethereum is trading around $2,950, down 1.5% over the last week.

    Ethereum Price Chart

    [ad_2]

    Keshav Verma

    Source link

  • Vitalik Buterin Reconsiders 2017 View on Full Chain Validation

    [ad_1]

    Vitalik Buterin said he no longer agrees with his 2017 view that full chain validation by users is unrealistic.

    Ethereum co-founder Vitalik Buterin has said that he no longer agrees with his 2017 claim that average users validating the full blockchain history is a “weird mountain man fantasy.”

    His shift, explained in a detailed social media post on January 26, 2026, is driven by advances in cryptographic technology and a renewed focus on user sovereignty.

    Buterin Says Full Validation is Now Realistic

    In June 2017, during a debate with Ian Grigg, Buterin argued that forcing users to re-execute every historical transaction to verify the state was impractical for most people, leaving them dependent on third-party providers.

    He now says that progress in zero-knowledge proofs, especially ZK-SNARKs, changes that trade-off. These cryptographic tools allow users to verify that a chain is correct without replaying its entire transaction history, reducing the computing burden while preserving independent verification. In Buterin’s words, the technology offers the benefits of full validation without forcing users to shoulder its traditional costs.

    The developer also framed his shift as a response to practical risks rather than abstract theory. He cited real-world failure modes such as peer-to-peer network outages, high latency, service shutdowns, validator or miner concentration, and censorship by intermediaries. According to him, relying entirely on external RPC providers or developers can become a single point of failure that undermines the promise of self-custody.

    To explain his updated stance, Buterin revived the “Mountain Man’s cabin” metaphor. Rather than expecting everyone to live in full self-validation mode daily, he described it as a fallback option that users can rely on when systems break or intermediaries fail. The mere existence of that option, he added, can also pressure third parties to offer fairer and more reliable services.

    How This Fits Buterin’s Wider Push For Simplicity and Self-Sovereignty

    Buterin’s latest comments match up with a series of recent positions on Ethereum’s long-term direction. On January 19, he warned that the network’s growing protocol complexity could threaten its ability to remain trustless over the next century, calling for a stronger focus on simplicity and pruning unnecessary features. He argued that overly complex systems force users to rely on a small group of experts, weakening true ownership of the network.

    You may also like:

    Days later, on January 23, the 31-year-old urged broader adoption of decentralized privacy tools, saying 2026 should be a year to reclaim “computing self-sovereignty.” In that post, he described moving away from mainstream platforms in favor of privacy-focused alternatives such as Proton Mail, Signal, and decentralized social media clients, linking personal software choices to wider digital autonomy.

    His earlier writing on scaling Ethereum also points in the same direction. Buterin said in an analysis on January 8 that increasing network bandwidth, not chasing lower latency, is a more realistic way to achieve large-scale growth without giving up decentralization.

    Taken together, Buterin’s retreat from his 2017 stance suggests a broader philosophical shift. Instead of assuming users must trade independence for convenience, he increasingly argues that new cryptography and simpler system design can make personal verification practical again, even if only as a safety net when everything else fails.

    SPECIAL OFFER (Exclusive)

    SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

    [ad_2]

    Wayne Jones

    Source link

  • Analyst Says You’re Not Bullish Enough On Ethereum – What Does He Mean?

    [ad_1]

    A growing number of analysts believe Ethereum’s current price action is being misunderstood. Although frustration is growing due to Ethereum’s inability to hold above $3,000, some technical analysts are quick to point out that the structure forming beneath the surface tells a very different story. According to one analyst, the real risk right now is not being bullish on Ethereum and trying to short in anticipation of a downside breakout.

    Related Reading

    Higher Lows And A Structure That Keeps Tightening

    The analyst’s technical view on Ethereum is focused less on short-term momentum and more on the structure developing on the chart, which he argues is even clearer than what is currently visible on Bitcoin’s chart.

    Notably, Ethereum’s price action is carving out a series of higher lows on the daily candlestick timeframe chart to form a tightening triangular pattern since December 2025. This kind of behavior shows that each pullback is being absorbed at progressively higher levels, which is how strong trends reset before continuation.

    Ethereum needs to avoid a breakdown below key support zones in order for this trend continuation setup to still be valid. According to the analyst, a dip under $2,860 would begin to weaken the pattern, while a close below $2,780 would invalidate the higher-low structure. 

    At the time of writing, Ethereum is trading around $2,950, which is dangerously close to the lower boundary of this setup. Therefore, some traders will be tempted to short Ethereum at this level, but the analyst called it the dumbest thing to do here.

    As long as those levels ($2,860 and $2,780) hold, the analyst sees no technical justification for betting against ETH, especially near the lower boundary of the channel where buyers have repeatedly stepped in. 

    ETHUSD now trading at $2,946. Chart: TradingView

    If support holds, the next move would be a gradual return to the upper trendline of the channel, which is just below $3,340. A move into that region would bring price back into direct contact with overhead resistance and set the stage for a breakout if buying pressure continues to increase.

    Ethereum Price Chart. Source: @Tryrexcrypto on X

    The Bigger Picture Behind Ethereum’s Price Action

    Ethereum is entering 2026 without clear bullish momentum, a reality that has dampened sentiment across the spot and derivatives markets. Spot ETF inflows into Ethereum and Bitcoin have slowed down, and issuers have been highlighted with consistent days of outflows.

    Nonetheless, major asset managers are still holding huge amounts of Ethereum and are working on diversifying their activities on Ethereum. BlackRock, for example, filed with the SEC in December to launch a staked Ethereum exchange-traded fund, a move that will bring in more institutional investors into the Ethereum ecosystem.

    Related Reading

    Speaking of staking, BitMine Technologies recently amped up its ETH staking to over $5.71 billion worth of Ethereum. On-chain data from Arkham Intelligence shows that the firm has staked an additional 171,264, worth $503.2 million, pushing its total stake to over 1.94 million ETH.

    Featured image from Unsplash, chart from TradingView

    [ad_2]

    Scott Matherson

    Source link

  • Ethereum Loses Structure After $3,220 Rejection — Is This Distribution Or Just The First Crack?

    [ad_1]

    Ethereum has taken a sharp turn after facing a firm rejection at the $3,220 level, with price breaking structure and slipping into a weaker posture. The speed of the drop and lack of strong buying interest raise an important question for traders: Is this merely an early warning sign within a broader uptrend, or the start of a deeper distribution phase that could pressure ETH further in the near term?

    Rejection At $3,220 Signals Distribution, Not A Shakeout

    Crypto analyst PEPE is Friend highlighted that Ethereum’s sharp rejection at the $3,220 level was deliberate rather than random. The drop was clean, with key structure breaking down, selling pressure accelerating, and price quickly flushing toward the $3,106 area, aligning with a classic distribution behavior rather than a simple shakeout.

    Related Reading

    Assessing the current price reaction, there are still no signs of a true reversal. The bounce has been notably weak, trading volume remains thin, and buyers have yet to show a strong commitment. Instead of signaling renewed bullish momentum, the move higher appears to be a technical pullback within a broader weakening structure.

    Source: Chart from PEPE is Friend on X

    The key technical zone remains well-defined. ETH is trading below the former support band between $3,170 and $3,200. As long as the price stays below this range, any upside move is likely to be viewed as a selling opportunity rather than the start of a sustained recovery. 

    When this price action is viewed alongside Ethereum spot ETF data, the picture becomes clearer. While ETF flows remain positive daily, they lack strong momentum or a standout confirmation day. Capital appears to be absorbed rather than aggressively deployed, suggesting institutional demand is not yet strong enough to drive a decisive breakout. Until that changes, sellers are expected to remain in control below the $3,170–$3,200 resistance zone.

    Ethereum Slips Below $3,062 As Bears Regain Short-Term Control

    In an X post, Kamile Uray noted that Ethereum has closed below the $3,062 level, shifting attention toward the next major downside zone at $2,623. This level is now critical, as holding above it could allow ETH to stabilize and attempt another recovery move.

    Related Reading

    On the upside, a clean break above the pink-box resistance near $3,445 would activate bullish formations such as a cup-and-handle or an ascending triangle, opening the door for a move toward the $3,894 area.

    Further strength would be confirmed if ETH manages to close above the $3,661 high, which would mark the first higher high on the daily chart relative to the previous downtrend, improving the bullish outlook. Still, $3,894 remains a key level, as it aligns with the 0.618 Fibonacci retracement of the last decline.

    On the downside, a clear break below the $2,623 low would expose ETH to deeper losses, with the $2,274–$2,104 zone emerging as the next major support area. This region hosts a potential bullish “Libra” reversal setup, and Ethereum could once again attempt a bounce toward its previous all-time high if reversal confirmation appears there.

    Ethereum
    ETH trading at $2,960 on the 1D chart | Source: ETHUSDT on Tradingview.com

    Featured image from iStock, chart from Tradingview.com

    [ad_2]

    Godspower Owie

    Source link

  • Base Leads L2 Fees With $147K Daily as Most Chains Earn Under $5K

    [ad_1]

    CryptoRank data showed Base capturing nearly 70% of Ethereum L2 fee revenue in a single day, far ahead of Arbitrum.

    Base led Ethereum’s layer-2 fee rankings on January 14, generating about $147,000 in daily revenue, far ahead of Arbitrum’s roughly $39,000 and Starknet’s $9,000, according to figures shared by CryptoRank.io.

    The data points to a sharp concentration of activity on one network, even as most other Ethereum scaling chains struggled to clear $5,000 in fees over the same 24-hour period.

    Base Pulls Ahead as Fee Data Shows Widening Gaps

    CryptoRank said Base’s share of total Ethereum L2 revenue was nearing 70% based on the January 14 snapshot, while all other L2s combined brought in just over $15,000. Linea posted around $4,500 in fees, Optimism $2,400, Unichain $2,000, Ink $1,500, zkSync $900, and Scroll $600, showing how thin fee generation remains outside the top tier.

    The fee figures quickly set off debate on social media, especially after some users pointed to Polygon’s much higher revenue on the same day. Crypto analyst Vadim and X user New York Pascal both posted that Polygon recorded about $155,000 in daily fees, slightly above Base’s total, based on a network-wide revenue table from DefiLlama shared within hours of CryptoRank’s post.

    That comparison led to questions about how Polygon should be classified. X user Thorex asked whether Polygon is an L2 at all, reflecting a long-running discussion in the community about Polygon’s mix of scaling solutions, including its proof-of-stake chain and newer zero-knowledge products.

    The distinction matters because CryptoRank’s post focused specifically on Ethereum L2s, while Polygon’s revenue figures often include activity from its broader ecosystem.

    DefiLlama’s revenue table showed Tron at the top across all chains with more than $1 million in daily fees, followed by Polygon, Base, Ethereum, BNB Chain, Solana, and Arbitrum. Within that wider context, Base still ranked near the top for Ethereum-aligned networks, even if it was not the highest-earning chain overall.

    You may also like:

    Ecosystem Growth Adds Context to Base’s Fee Strength

    Base’s recent fee performance comes as Coinbase continues to expand products built on the network. Late last year, the exchange launched its tokenized “Everything app,” a rebranded version of Coinbase Wallet that blends social content, trading, and payments in one interface.

    The company said the app, now live in more than 140 countries, is built on Base and uses tokenized posts and assets that can be traded directly from a social-style feed. The launch introduced new ways for users to interact on-chain, including earning from content engagement and settling rewards instantly to their wallets.

    While Coinbase has not published a direct link between the app and daily fee totals, the timing helps explain why Base continues to attract activity compared with other L2s that lack a similar consumer-facing funnel.

    SPECIAL OFFER (Exclusive)

    SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

    [ad_2]

    Wayne Jones

    Source link

  • Ethereum Dominates 2025: DeFi TVL Tops $99B, Stablecoin Volume Hits $18.8T

    [ad_1]

    Ethereum’s DeFi TVL surpassed $99B, over nine times larger than the next Layer 1, showing dominant network adoption in decentralized finance.

    Ethereum reported strong growth across decentralized finance (DeFi) and stablecoin activity in 2025.

    This was mainly because lower transaction costs and expanding infrastructure contributed to increased usage across the network.

    DeFi and Stablecoin Activity Increase

    In a New Year’s post shared via X, the chain revealed that it recorded over $99 billion in total value locked during 2025, according to data from DefiLlama. This figure places Ethereum’s DeFi TVL at more than 9 times that of the next largest Layer 1 ecosystem. Stablecoin usage also remained high throughout the year, with $18.8 trillion settled on the network.

    These figures coincided with a decline in transaction costs across the ecosystem. Fees on Ethereum Layer 1 fell to 5-year lows, while Layer 2 networks recorded transaction costs below $0.01, lowering expenses for payments, remittances, and savings-related activity. At the same time, expanded paymaster infrastructure enabled applications to cover the fees for users, often removing the need to hold ETH for gas.

    Crypto platforms also expanded their use of Ethereum during 2025. Robinhood, Gemini, and Kraken all launched tokenized stocks on the chain using Layer 1 and Layer 2 networks, therefore providing extended access to United States equities beyond standard market hours. Robinhood also announced plans to build its own Layer 2 network using Arbitrum’s Orbit technology.

    Meanwhile, regulatory clarity supported the launch of new crypto-focused neobanks, which introduced payment cards and rewards programs while reporting millions of dollars in daily spending volume.

    Network Upgrades and Ecosystem Expansion

    Beyond DeFi and stablecoins, Ethereum’s ecosystem continued to expand across institutional and technical fronts. Institutional participation increased through the expansion of ETH digital asset treasuries, with more than $35 billion worth of ETH held in exchange-traded funds and strategic reserves.

    You may also like:

    Additionally, more institutions used Ethereum smart contracts to manage capital on-chain, access DeFi-based yield strategies, and distribute over $12 billion in real-world assets.

    The network’s rollup-focused roadmap also progressed during the year. Combined throughput across Layer 2 networks reached an average of 5,600 transactions per second, while the Fusaka upgrade, deployed in December, increased blob capacity and reduced Layer 2 costs. The Layer 1 gas limit was also raised to 60 million, expanding settlement capacity by approximately 33%.

    Ethereum celebrated 10 years of being live in July 2025, which was marked by a record of more than 88 million smart contracts deployed, while daily transactions reached a new high of 1.74 million. Developer activity also remained elevated, with 32,000 active developers across the ecosystem and over 16,000 new ones joining between January and September.

    SPECIAL OFFER (Exclusive)

    SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

    [ad_2]

    Wayne Jones

    Source link

  • Ethereum Long-Term Cost Basis Holds Firm: Structural Floor Forms Near $2.8K

    [ad_1]

    Ethereum is struggling to reclaim the $3,100 level as price action tightens and the market braces for a decisive move. After weeks of choppy trading, ETH remains caught between fading bullish attempts and persistent overhead resistance, leaving analysts sharply divided on what comes next. A minority still expects Ethereum to regain strength and eventually challenge its all-time highs, while the dominant narrative points toward a bearish 2026 marked by weaker demand and tighter liquidity conditions.

    Related Reading

    Amid this uncertainty, a CryptoQuant report offers a longer-term perspective that cuts through short-term noise. The analysis focuses on Ethereum’s Accumulating Addresses Realized Price, a metric that tracks the average cost basis of addresses that consistently accumulate ETH rather than trade it actively. Unlike momentum indicators, this measure reflects where long-term participants are willing to commit capital over extended periods.

    Notably, this accumulation cost has trended steadily higher since 2020. Even during the severe 2022–2023 drawdown, when ETH price corrected sharply, long-term holders largely held their ground instead of capitulating. That behavior established a durable foundation beneath the market.

    Today, this realized price has stabilized in the $2,700–$2,800 range, effectively forming a structural cost zone for Ethereum. As ETH hovers just above this area, the market faces a critical question: whether this long-term support continues to anchor price, or if shifting macro conditions finally challenge a regime that has held for years.

    Ethereum Long-Term Accumulation Regime Faces a Critical Test

    The report argues that the debate around Ethereum is shifting. The key issue is no longer whether the $2,700–$2,800 accumulation zone holds in the short term, but whether this long-standing accumulation regime can persist indefinitely. According to data from CryptoQuant, Ethereum stands out sharply from the broader altcoin market when viewed through this lens.

    Ethereum Realized Price by Accumulating Addresses | Source: CryptoQuant

    Since 2022, most altcoins have suffered deep drawdowns without ever forming a durable accumulation cost base. That absence of consistent long-term buying helps explain why recoveries across the altcoin complex have been weaker and more fragile. Ethereum, by contrast, has repeatedly demonstrated an ability to retain long-term holder conviction through multiple stress periods, including 2018, 2020, 2022, and even the volatility seen in 2025.

    However, markets evolve, and structural regimes do not last forever. Periods of apparent stability are often when underlying assumptions are most vulnerable to change. From a forward-looking perspective, two scenarios stand out.

    As long as ETH price trades near or above its accumulation cost, it signals that long-term buyers remain engaged, reinforcing Ethereum’s relative resilience compared with most altcoins. On the other hand, a sustained break below this cost zone would imply a meaningful behavioral shift among long-term holders—one that could challenge the idea that Ethereum has permanently escaped its pre-2020 valuation framework.

    In today’s environment, short-term price swings dominate attention, but it is this structural battle beneath the surface that may ultimately define Ethereum’s next major cycle.

    Related Reading

    Price Consolidates as Bulls Defend the $3,000 Zone

    Ethereum is currently consolidating around the $3,100 level after failing to reclaim higher resistance zones, reflecting a market caught between stabilization and continuation risk. The chart shows ETH trading below its short- and medium-term moving averages, with the 50-day and 100-day averages now acting as dynamic resistance rather than support. This shift confirms that the broader structure remains corrective following the rejection from the $4,000–$4,200 region earlier in the cycle.

    ETH consolidates below key resistance | Source: ETHUSDT chart on TradingView
    ETH consolidates below key resistance | Source: ETHUSDT chart on TradingView

    Notably, the $3,000–$3,100 area has emerged as a critical pivot. Price has repeatedly defended this zone, suggesting the presence of demand and short-term accumulation. However, upside momentum remains limited, as each bounce has been met with selling pressure near descending moving averages. This behavior is typical of markets attempting to form a base after a prolonged drawdown rather than initiating a clean trend reversal.

    Related Reading

    From a structural perspective, ETH remains above the long-term moving average, which continues to slope upward. This indicates that the broader macro trend has not fully broken down, even though short-term momentum is weak. Volume has also declined during recent rebounds, reinforcing the idea that buyers lack conviction.

    For bulls, a sustained reclaim of the $3,300 level would be required to shift momentum and challenge the bearish structure. Until then, Ethereum appears locked in a consolidation phase, with downside risks persisting if the $3,000 support fails to hold.

    Featured image from ChatGPT, chart from TradingView.com 

    [ad_2]

    Sebastian Villafuerte

    Source link

  • Bearish Signal Emerges For Ethereum As US Spot Demand Fades

    [ad_1]

    Ethereum has once again failed to hold above a critical resistance zone, retracing from the $3,300 level back toward the $3,100 area. The pullback highlights the market’s ongoing struggle to establish a sustainable recovery, as bullish momentum continues to fade near key technical thresholds. While buyers have managed to prevent a deeper correction for now, the inability to reclaim higher levels has reinforced a cautious tone across the market.

    Related Reading

    Beyond price action, on-chain data adds an important layer to this weakness. According to data from CryptoQuant, Ethereum’s Coinbase Premium Gap has dropped sharply into negative territory. This metric, often used as a proxy for US institutional demand, reflects the price difference between Coinbase and offshore exchanges. A negative reading suggests that buying interest from US-based investors is lagging behind global activity, reducing the probability of a strong upside continuation.

    Historically, sustained Ethereum rallies have coincided with a positive Coinbase Premium, signaling consistent institutional accumulation. The current divergence between price attempts to stabilize and weakening US demand creates a structural headwind for bulls. As long as this premium remains negative, reclaiming the $3,300 level becomes increasingly difficult.

    For now, Ethereum appears trapped in a fragile range, where price stability depends less on aggressive buying and more on the absence of renewed selling pressure. The coming sessions will be decisive in determining whether this consolidation evolves into a recovery or resolves to the downside.

    Coinbase Premium Weakness Undermines Recovery Attempt

    A new on-chain signal is reinforcing the cautious outlook for Ethereum as it trades below key resistance. Analysis shared by CryptoQuant and highlighted by CryptoOnchain shows that the Coinbase Premium Gap has deteriorated sharply, reaching its most negative level in nearly a year. The 14-day moving average of the metric has fallen to around -2.3, indicating that ETH prices on Coinbase are trading at a notable discount compared to Binance.

    Ethereum Coinbase Premium Gap | Source: CryptoQuant

    This divergence matters because Coinbase activity is often used as a proxy for US institutional demand. When the premium turns deeply negative, it typically signals that buyers in the US spot market are either stepping aside or actively distributing rather than accumulating. That dynamic is unfolding as Ethereum remains capped below the $3,300 resistance zone, following its sharp correction from the October peak near $4,700.

    The combination of weak price follow-through and declining Coinbase demand creates a bearish divergence. While ETH attempts to stabilize, the lack of institutional participation reduces the probability of a sustained breakout. Historically, strong Ethereum rallies have required a positive Coinbase Premium, reflecting consistent inflows from US-based investors.

    Until this gap narrows and flips back into positive territory, Ethereum’s upside appears constrained. For now, the data suggests caution is warranted, as the persistence of weak US demand increases the risk that recent consolidation resolves into another leg lower rather than a confirmed recovery.

    Related Reading

    Ethereum Struggles As Recovery Lacks Confirmation

    Ethereum’s price action remains fragile after failing to reclaim the $3,300 resistance zone. On the daily chart, ETH is trading near the $3,100–$3,150 area, a level that has acted as a short-term pivot but has not yet attracted strong follow-through from buyers. The broader structure still reflects a corrective phase rather than a confirmed trend reversal.

    ETH consolidates below key resistance levels | Source: ETHUSDT chart on TradingView
    ETH consolidates below key resistance levels | Source: ETHUSDT chart on TradingView

    From a technical perspective, ETH remains below its key moving averages. The 50-day moving average is sloping downward and continues to cap upside attempts, while the 100-day and 200-day moving averages sit higher, reinforcing a heavy overhead supply zone between roughly $3,300 and $3,600. Each rally into this region over recent weeks has been met with renewed selling pressure, highlighting persistent distribution.

    Related Reading

    The sequence of lower highs since the October peak near $4,700 remains intact. Although price has stabilized compared to the sharp November sell-off, the rebound so far resembles consolidation within a bearish structure rather than a new impulsive move. Volume has also moderated during recent advances, suggesting limited conviction behind the bounce.

    On the downside, the $2,900–$3,000 range stands out as a critical support area. A sustained break below this zone would expose Ethereum to a deeper retracement toward the mid-$2,600s. For bullish momentum to regain credibility, ETH must reclaim $3,300 with strength and hold above the declining moving averages. Until then, the chart argues for caution, with downside risks still present despite short-term stabilization.

    Featured image from ChatGPT, chart from TradingView.com 

    [ad_2]

    Sebastian Villafuerte

    Source link

  • Ethereum’s Q1 Outlook: Analyst Shares Historical Setup As Price Nears Key Resistance

    [ad_1]

    While Ethereum (ETH) attempts to turn a crucial level into support, some analysts have shared a bullish outlook for the cryptocurrency, which could send its price above the $4,000 barrier in the first quarter of 2026.

    Related Reading

    End-Of-Year Weakness To Ignite Q1 Rally

    On Monday, Ethereum broke above the $3,200 barrier for the first time in nearly a month, hitting a four-week high of $3,259. The cryptocurrency has seen a 8.3% surge from the crucial $3,000 level since Friday, consolidating above the $3,100 level over the weekend.

    Now, the King of Altcoins is trying to hold the key resistance level and turn it into support. Amid this performance, some market observers shared a potential setup that could lead to a significant rally during the next three months.

    In an X post, analyst Niels affirmed that Ethereum’s quarterly close in the red is “not as bearish as it looks.” Notably, the altcoin recorded its worst Q4 in six years after closing the quarter with a negative return of 28.28%, according to CoinGlass data.

    This marks ETH’s first negative Q4 close since 2022, and its worst end-of-year performance since 2019, when it registered a negative return of 28.9%. Nonetheless, Niels highlighted that this opens the door for an “interesting” setup ahead of the altcoin’s expected seasonality.

    ETH’s quarterly performance over the years. Source: CoinGlass

    “History tells an interesting story: every single time ETH has finished Q4 in the red, the next Q1 has closed green,” the analyst explained, asserting that “year-end weakness has usually acted as a reset, not a reversal.”

    Per the post, the end-of-year leverage flush and sentiment cooling have previously enabled Ethereum to start the new year “from a cleaner base,” which has allowed the altcoin to register quarterly returns of up to 52% in recent years.

    “If that pattern holds, Q4 wasn’t the warning; it was the setup heading into Q1,” he suggested.

    Ethereum Prepares For 30% Breakout

    As the price records an 11% weekly surge, analyst Ted Pillows pointed out that the cryptocurrency is about to face an important zone that has served as resistance for nearly two months.

    Since the early November pullback, the largest altcoin by market capitalization has been trading between the $2,700-$3,400 price range, experiencing strong resistance around the $3,000 and $3,200 levels.

    Now that the mid-zone of the range has been momentarily reclaimed, ETH must hold its momentum and turn the upper boundary into support. “A reclaim of this level will pump Ethereum towards the $3,800-$4,000 level,” where the next major resistance is located, Ted explained on Monday morning.

    On the contrary, a rejection from this resistance zone could send the ETH price toward the $3,000 support, while risking a longer consolidation within its two-month range.

    Related Reading

    Meanwhile, analyst Ali Martinez discussed the altcoin’s consolidation, pointing to a symmetrical triangle pattern forming on its chart. According to the analyst, Ethereum has been compressing between the pattern’s ascending and descending trendlines since November, awaiting a 30% move.

    If the price holds its current breakout from the upper boundary, the cryptocurrency could see a rally toward the $4,000 area in the coming weeks, positioning ETH for a retest of the Q3 levels.

    As of this writing, Ethereum is trading at $3,253, a 3.4% increase in the daily timeframe.

    Ethereum, eth, ethusdt
    ETH’s performance on the one-week chart. Source: ETHUSDT on TradingView

    Featured Image from Unsplash.com, Chart from TradingView.com

    [ad_2]

    Rubmar Garcia

    Source link

  • Vitalik Buterin: Ethereum Solved the Blockchain Trilemma

    [ad_1]

    Buterin frames Ethereum’s progress as a structural shift, not a performance tweak, pointing to live code already reshaping the network.

    Ethereum co-founder Vitalik Buterin over the weekend declared that the blockchain trilemma, the long-held belief that a network cannot simultaneously achieve decentralization, security, and scalability, has been solved.

    His statement marks a pivotal claim for the ecosystem, asserting that this breakthrough is no longer theoretical but is being realized through live technology on the network.

    Live Upgrades Shift Ethereum’s Network Design

    In a detailed post shared on X on January 3, Buterin argued that the rollout of PeerDAS on Ethereum’s mainnet, combined with zero-knowledge Ethereum Virtual Machines (ZK-EVMs) reaching the alpha stage, has changed what the network can do in practice.

    “The trilemma has been solved—not on paper, but with live running code,” he wrote.

    Buterin also noted that data availability sampling is already active, while ZK-EVMs have reached “production-quality performance,” with safety work still ongoing.

    He compared Ethereum’s current structure with earlier peer-to-peer systems such as BitTorrent, which he said offered high bandwidth but lacked consensus, and Bitcoin, which he claimed had achieved strong consensus and decentralization at the cost of throughput.

    According to the developer, with PeerDAS and ZK-EVMs, Ethereum now combines all three, allowing high bandwidth without central control. He described the shift as “not minor improvements” but a move toward “a fundamentally new and more powerful kind of decentralized network.”

    Buterin’s post also outlined a multi-year roadmap. He expects larger gas limit increases in 2026, early opportunities to run ZK-EVM nodes, and further adjustments through 2030 as ZK-EVMs become a primary way to validate blocks. He added that distributed block building is still a longer-term goal to reduce central points of control in transaction ordering.

    You may also like:

    Community reaction reflected both excitement and debate. CryptoSensei wrote that these changes “aren’t incremental tweaks” and stressed that PeerDAS being live makes the claims harder to dismiss as theory.

    However, others, like Solana developer Mert Mumtaz, dismissed the blockchain trilemma as an outdated concept.

    “It is not a real thing. the trilemma does not actually exist today,” he said on X.

    Why Decentralization Still Matters

    The Ethereum architect’s comments follow earlier warnings about centralization risks. In his New Year’s message, he said the blockchain’s future depends not just on upgrades but on keeping decentralization and usability intact as it grows.

    That concern gained traction in 2025, a year marked by major upgrades such as Pectra and Fusaka, but also by criticism that Ethereum increasingly relied on layer-2 networks and large staking operators.

    Market performance added to the tension, with the price of the network’s native ETH token lagging in 2025 despite higher usage, institutional interest, and record development activity, fueling doubts about whether technical progress alone can translate into investor confidence.

    Analysts say Buterin’s latest message reframes the discussion. Rather than arguing about short-term price moves, it places focus on whether Ethereum can support large-scale applications without censorship, downtime, or excessive costs. As Daniel Tschinkel pointed out in a recent social post, users ultimately trust systems that work consistently and predictably.

    SPECIAL OFFER (Exclusive)

    SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

    [ad_2]

    Wayne Jones

    Source link

  • Ethereum Enters Overbought Levels With Weekend Pump, Why A Crash Could Be Coming

    [ad_1]

    Moving alongside Bitcoin, the Ethereum price has actually been able to reclaim $3,000, moving up faster than anticipated over the weekend. This resulted in an over 6% daily increase by Sunday, as sentiment began to move toward the positive again. However, this move has not completely erased the bearish expectations surrounding the cryptocurrency, especially as one crypto analyst points out that the digital asset has now actually entered overbought levels.

    Ethereum In Dangerous Territory

    In a TradingView post, crypto analyst SignalProvider highlighted that Ethereum has now entered overbought levels, something that is bearish for the price. As explained by the analyst, using the ETheruem -Hour timeframe, the trend is currently bearish as the 7-period RSI shows that the digital asset is now in oversold levels.

    Related Reading

    This comes as the Ethereum price continues to trade above $3,100, which the analyst calls a solid horizontal structure. However, this structure has not held as strongly as expected, leading to weakness in the market. As a result, the crypto analyst explains that this could result in a price decline.

    If the decline plays out as expected with the overbought levels, then the first target is $3,028, according to the analyst. This could then serve as a support level that could begin the next uptrend. However, there is a possibility that this does not play out soon, as prices entering overbought levels can take time to play out.

    Source: TradingView

    ETH Price Is Not Entirely Bearish

    While the entrance into overbought levels remains a bearish signal for the Ethereum price, another analyst has presented a possible bullish path for the cryptocurrency from here. This lies in the ability of bulls to break out completely from the $3,100 level.

    Related Reading

    As crypto analyst TheSignalyst explains, the lower bound of the channel has been working to serve as support for the Ethereum price above $3,000. If this channel continues to hold, then the bullish trend remains intact. “From a structure point of view, ETH remains bullish, trading cleanly inside a flat rising channel,” the post read.

    When the breakout is completed, then the price could rise as high as $3,600, which is the top of the current ascending channel. But TheSignalyst explains that until this breakout happens, Ethereum investors should expect more sideways chop as the price continues to build up.

    Ethereum price chart from Tradingview.com
    ETH price pushes above $3,100 | Source: ETHUSDT on Tradingview.com

    Featured image from Dall.E, chart from TradingView.com

    [ad_2]

    Scott Matherson

    Source link

  • $18 Million Ethereum Loss Sends Whale Running To Gold

    [ad_1]

    A large crypto wallet that recently took a sharp loss on Ethereum has restructured its holdings, moving away from volatile tokens and increasing exposure to stablecoins and tokenized gold, according to on-chain tracking data.

    Related Reading

    The address drew attention after an aggressive Ethereum purchase late last year went wrong. Between November 3 and November 7, 2025, the wallet spent about $110 million to acquire 31,005 ETH at an average price of $3,581.

    As prices slid, the position was unwound. Nearly the entire holding was sold for roughly $92.19 million, locking in a loss close to $18 million within two weeks. At current prices near $3,020, that same Ethereum stack would now be valued at around $93.6 million.

    Shift Away From Ether After Costly Exit

    Based on reports from blockchain monitoring platforms, the sell-off marked a clear change in behavior. The wallet, once heavily tied to Ethereum, no longer holds a large directional bet on the asset. Instead, balances have been spread across cash-like tokens and commodities. The move reflects caution rather than an attempt to quickly recover losses.

    Gold Buying Shows Preference For Lower Volatility

    According to on-chain records, the address began building a position in Tether’s tokenized gold product, XAUT. Starting on Friday, the wallet spent $14.58 million in USDT to buy 3,299 XAUT across several transactions.

    The average purchase price came in near $4,421 per token. This was not the first gold buy. A smaller XAUT acquisition was made on December 13, roughly three weeks earlier. As of the latest data, the wallet holds 3,386 XAUT tokens worth about $14.92 million.

    ETHUSD now trading at $3,136. Chart: TradingView

    The broader portfolio now totals close to $91 million. About $58 million sits in USDT, another $18 million is held in USDC, while the remainder is split between XAUT and a reduced Ethereum balance. The composition points to capital protection rather than high-risk positioning.

    Metals Outperform Crypto In 2025

    Returns from last year help explain the change. Reports have disclosed that Bitcoin fell by 6% in 2025, while Ethereum dropped 11%. Over the same period, gold surged over 60%, and silver rose an even steeper 147%.

    Related Reading

    Major stock indexes such as the S&P 500, Dow Jones, and Nasdaq 100 also posted stronger performance than much of the crypto market. With those results in view, some investors appear more comfortable holding assets linked to metals or cash.

    Meanwhile, analysts at asset manager VanEck have pointed to 2026 as a possible recovery year for the crypto market. Their view contrasts with the current behavior of large wallets moving into stablecoins and gold-linked tokens.

    The divide shows how uncertain sentiment remains after a year when metals and traditional assets delivered stronger gains than major cryptocurrencies.

    Featured image from Unsplash, chart from TradingView

    [ad_2]

    Christian Encila

    Source link

  • BitMine Seeks Major Share Authorization Hike for Ethereum-Led Growth

    [ad_1]

    The proposal is framed as a structural move to preserve flexibility, not an immediate plan to issue new shares.

    BitMine Immersion Technologies is asking shareholders to approve a massive increase in its authorized shares.

    The company’s leadership, led by Chairman Tom Lee, has explained that this strategic move is designed to enable future stock splits, a necessity they believe will arise as the firm’s share price climbs in tandem with its primary treasury asset: Ethereum (ETH).

    Shareholder Vote Focuses on Future Flexibility

    In a series of posts on January 2, Lee directly addressed investor questions regarding Proposal 2, which seeks to raise BitMine’s authorized common stock from 500 million to 50 billion shares, with a shareholder vote on the measure due by January 14.

    The crypto entrepreneur was quick to dismiss concerns that the proposal signals immediate shareholder dilution. Instead, he outlined three strategic reasons for the change, which are facilitating selective capital raises, enabling opportunistic mergers, and accommodating future share splits.

    “The last point is key,” Lee wrote. “Any time a company splits shares, total authorized needs to be high enough to accommodate.”

    This plan is intrinsically linked to BitMine’s mid-2025 pivot to holding Ethereum as its main treasury asset. According to Lee, the company’s stock price now closely tracks the price of ETH.

    It has aggressively built its position, with its latest purchase of the asset being a $97.6 million splurge on 32,938 ETH on December 31, 2025, bringing its total holdings to about 4.07 million ETH, valued at approximately $12 billion.

    Ethereum’s Potential and the Path to Splits

    Lee’s vision for BitMine is predicated on a bullish long-term outlook for Ethereum itself. He cited institutional belief in tokenization, echoing statements from leaders like BlackRock’s Larry Fink, and argued that most of this activity will occur on the Ethereum network.

    You may also like:

    He projects the world’s second-largest cryptocurrency by market cap could eventually hit prices of $22,000, $62,000, or even $250,000 in a scenario where Bitcoin reaches $1 million.

    Using BitMine’s established price correlation with ETH, Lee provided illustrative calculations for where the company’s stock could trade. These scenarios suggest share prices of $500, $1,500, or $5,000.

    To keep shares accessible to retail investors, the 56-year-old stated the company would want to split its stock to reset the price near $25. Such splits would drastically increase the number of shares outstanding, necessitating the proposed boost in authorized shares.

    This forward-looking strategy is coming at a time when Ethereum is weathering a difficult period. Data shows 2025 was ETH’s worst year since 2018, with nine monthly losses contributing to a 12% annual decline.

    The asset is currently trading slightly above $3,000, showing a 3.5% increase in the last 24 hours but remaining 39% below its all-time high set in August 2025. Nonetheless, Lee and BitMine are positioning for a future they believe will be defined by Ethereum’s role in finance, building their treasury through the downturn in preparation for an anticipated rebound.

    SPECIAL OFFER (Exclusive)

    SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

    [ad_2]

    Wayne Jones

    Source link

  • Ethereum Finds Its Footing Again, But Here’s Why Bulls Still Have Work To Do

    [ad_1]

    My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.

    My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.

    I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.

    When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.

    Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.

    My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.

    Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.

    One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.

    I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.

    I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.

    I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.

    [ad_2]

    Godspower Owie

    Source link

  • Why The Ethereum Price Could Bounce Above $3,500 Soon

    [ad_1]

    A crypto analyst has predicted that the Ethereum price could balloon to $3,500 soon, potentially breaking free of the bearish pressure that has suppressed its momentum for much of 2025. Although ETH is currently trading more than 37.5% below its all-time highs, the analyst has outlined technical indicators and market structure signals suggesting $3,500 is a realistic short-term target for the cryptocurrency.  

    Related Reading

    Ethereum Price Setup Points To $3,500 Rebound

    Crypto market analyst Tryrex has delivered a fresh outlook on the Ethereum price, pointing to conditions that could support a strong upside move to $3,500 in the coming months. In his post on X, the expert suggested that ETH may be approaching the end of its prolonged corrective phase and may be preparing for a decisive bounce. 

    Tryrex highlighted the possibility of a strong rebound developing in the first quarter of 2026, driven by Ethereum’s current hold of a critical liquidity zone between $2,800 and $3,000. He explained that while Bitcoin (BTC) bottomed out in 2025 and entered a range-bound period right after, Ethereum showed relative strength by firmly defending the liquidity region. 

    Based on the analyst’s weekly TradingView chart, this price area also represents a weekly demand zone that has absorbed repeated selling pressure. The fact that the price continues to hold this area indicates that market participants are buying ETH rather than distributing it. Volume behavior at the bottom of the chart also suggests that selling pressure has been weakening compared to earlier phases of Ethereum’s downtrend. 

    Tryrex expects an impulsive move to emerge as Ethereum continues to react to the $2,800 to $3,000 liquidity range. If momentum builds as anticipated, ETH could break out of its current structure and push toward higher resistance levels, with a move above $3,500 seen as an increasingly likely near-term target. With its price currently sitting above $3,000, this would represent a more than 13% increase. 

    ETHUSD currently trading at $3,103. Chart: TradingView

    The analyst has also revealed that his bullish forecast for ETH reflects broader conditions across the altcoin market. He highlighted that many major altcoins appear to be bottoming out after extended downtrends, increasing the possibility of coordinated upside moves if market sentiment and volatility improve. 

    Ethereum Shows Early Moves In 2026

    The market is just three days into 2026, and although major cryptocurrencies like Bitcoin and Dogecoin closed 2025 in the red, Ethereum appears to be showing early signs of recovery. Initially, the ETH started the year in a similar downtrend, but over the past 24 hours, its price has increased by approximately 2.5%.

    Related Reading

    CoinMarketCap data shows that from January 1 to date, Ethereum has declined by more than 9.5%. However, its trading volume in the last 24 hours has increased by over 100%, signaling strong trader interest despite the recent price dips. In addition, whales have been steadily accumulating ETH, taking advantage of lower prices to increase their positions.

    Featured image from Pexels, chart from TradingView

    [ad_2]

    Scott Matherson

    Source link