Ether trades 2% higher as the hacked ETH is seen as a permanently lost supply.
I would support it because we already voted no on immutability in 2016, Hayes said on X. Others are worried that a potential rollback would hurt the Ethereum ecosystem.
Investors pivot to ether ETFs as Ethereum’s impending Pectra upgrade is expected to bode well for cryptocurrency.
Ether’s brief run to $2,850 on Monday was due to a catch-up trade that could reverse later, one trader said.
Lido V3 introduces stVaults, a customizable staking system designed for institutions and more complex investment strategies.
Ether has dropped over 20% this year, but fundamentals are improving, the report said.
The record short interest is led by carry trades and some amount of outright bearish bets on the second-largest cryptocurrency.
ETH, DOGE Price Analysis: How Trump Tariffs May Impact Cryptos Such as Ether, Dogecoin
Coinbase has accumulated $300M+ in ETH, which is more than 2x all of Base’s ETH earnings over time,” Base member Kabir.base.eth said on X.
Despite the bearish performance, analysts note a potential setup for a price bounce as bearish sentiment impacts ETH.