The Ethereum price is retesting the breached support trendline of inverted pennant pattern before driving to next dip to $1,600.
Vitalik Buterin outlined a broader strategy centered on adding “cypherpunk-principled” layers that integrate with the existing network.
The momentum indicator RSI (Relative Strengthen Index) at 47% indicate a neutral market sentiment in short-term trend.
ETH, the second largest cryptocurrency by market capitalization is up roughly 1% during Friday market. The short uptick follows general market sentiment as the U.S. Supreme Court ruled against Donald Trump’s proposed tariffs, bolstering risky assets across financial markets. Amid the macro development, the Ethereum co-founder Vitalik Buterin proposed that he is grafting a streamlined, ideologically pure variant of Ethereum.
Vitalik Buterin Proposes Layered Ethereum Upgrade While Price Tests Support
A crypto user on X suggested allowing the core Ethereum network to die from forks such as
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