Ethereum Founder Breaks Silence With Major Upgrade Proposal

Solana has entered a critical demand zone between $118 and $138, where buyers need to demonstrate strong demand to avoid further declines. Recent analysis indicates early signs of buyer reactions, but overall momentum remains weak, raising concerns about a potential further drop or the formation of a surprise bottom.

Anthony Scaramucci has expressed confidence that Solana will surpass Ethereum in market capitalization, while also affirming his appreciation for Ethereum and Avalanche, stating he is not exclusive to any single blockchain. This assertion highlights the competitive landscape within the cryptocurrency sector.

Crypto markets faced a downturn as the Dow Jones Industrial Average reached a record high, leading to a significant selloff in cryptocurrencies, notably Bitcoin and Ethereum, which saw declines amid shifting investor sentiment.

Ethereum has seen a notable accumulation in Spot Exchange-Traded Funds (ETFs) despite recent price fluctuations, indicating a potential shift in market dynamics. The leading altcoin has experienced significant outflows from exchanges, suggesting that investors are increasingly holding onto their assets through ETFs.

Ethereum's price has faced renewed weakness, being rejected for the second time at the 200-day moving average around $3,400, indicating potential for a deeper correction. This rejection follows a period of volatility where the cryptocurrency has struggled to maintain upward momentum.

BitMine's stock has shown a gradual increase in recent weeks, driven by a series of strategic acquisitions of Ethereum, including a notable purchase of 14,618 ETH valued at approximately $44 million. This uptick in stock price coincides with Ethereum's recovery above the $3,000 mark after a period of selling pressure.

Superstate has launched Onchain Direct Issuance Programs for SEC-registered companies, enabling them to issue tokenized shares on the Solana and Ethereum blockchains. This initiative allows for stablecoin payments and instant issuance, marking a significant advancement in blockchain-based capital raising.

Ethereum is experiencing a rally, driven by whale accumulation and renewed inflows from spot ETFs, as traders anticipate a potential rise towards the $4,000 resistance level. The cryptocurrency has regained the $3,150 mark following a period of volatility, indicating a shift in market sentiment ahead of the U.S. Federal Open Market Committee's decisions.