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Will Ethereum Price Hit $5,000 If Pectra Goes Live on Mainnet?

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The price of Ethereum (ETH) has fluctuated in 2025, causing some traders and investors to worry about its future. The price has fallen by almost half after hitting a Year-to-Date (YTD) $3,635 in January. 

Many people wonder if Ethereum price will ever breach the $4,000 resistance and a new high of around $5,000. Notably, a big focus is on the upcoming Pectra upgrade and whether it can trigger an increase in the price of Ethereum.

Ethereum Price and Rocky Start to 2025

So far, 2025 has been rough for Ethereum. At the end of January, Ethereum was trading at $3,267.90 per an earlier ETH price analysis as the forecast for January’s push to $4,000 failed. Unfortunately, it dropped to around $1,910.67 by mid-March. This big drop in just a few weeks has left several large investors selling off, as seen in Ethereum ETF outflows. 

While Ethereum still has high growth potential for the future, the short-term price movement has been unpredictable. The delay in key upgrades, like the Pectra update, has made things harder for Ethereum.

As of press time, CoinMarketCap data shows that Ethereum’s price was trading at $1,931.64 and has seen an over 1% decline in the last 24 hours. Still, ETH remains the second largest cryptocurrency globally, with a Market capitalization of $233.12 billion.

With the price drawdowns conditional, the question hinges on what its prospects for growth are in the short term.

Impact of Pectra Upgrade on Ethereum

As Vitalik Buterin announced, the Pectra upgrade is meant to make Ethereum faster and more efficient. It combines two key updates, Prague and Electra, designed to improve Ethereum’s performance, especially regarding scalability and staking. 

The mainnet launch for Pectra was expected to happen in early April, but the circumstances surrounding its testing are uncertain. This is because the Sepolia and Holesky testnets encountered configuration issues. 

This testnet hiccup fueled the latest Ethereum price drawdown as community sentiments dropped. However, ETH developers have stepped up to create a fix. They are set to launch the “Hoodi” testnet by Monday, March 17, which will help redirect the testing of key Pectra upgrade features. 

If all goes well, the mainnet launch could take place between April and May 2025. Many Ethereum proponents believe the success of Pectra might serve as a primary catalyst for the Ethereum price boom to $5,000.

Ethereum ETF and Potential Impact on Price

Ethereum ETFs could also boost the ETH price outlook. While Bitcoin ETFs have gained popularity, Ethereum ETFs are lagging behind in terms of sustained capital flow.

Data from SoSoValue shows that Ethereum ETFs lost over $143 million in assets this week. This is a large outflow compared to last week when they recorded $119 million in outflows.

Although the broader market sentiment is impacting this shift, when the stock market gains revival, the ETF market and by extension Ethereum price may gain momentum.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Crypto Market Peak? Stablecoin Supply Surge Says There’s More Room To Run

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The crypto market has been struggling to gain momentum in recent weeks, with Bitcoin and major altcoins falling to new lows this cycle. Price action has been far from encouraging, leaving many traders questioning whether the market has already reached its peak. However, a closer look at stablecoin data tells a different story that suggests the bull cycle is far from over.

Stablecoin Supply Trends And Market Cycles

On-chain data shows an interesting correlation between the stablecoin market and the bull and bear cycles of Bitcoin and other cryptocurrencies. This pattern, identified by on-chain analytics platform IntoTheBlock, suggests that stablecoin supply has historically peaked alongside major market tops. The relationship implies that a surge in stablecoin supply often signals the final stages of a bull run, with declines in supply typically coinciding with the onset of bearish conditions.

A look at previous market cycles reinforces this trend, particularly in the case of Bitcoin. In April 2022, the total stablecoin supply reached an all-time high of $187 billion. Soon after, supply began to decline, aligning perfectly with the start of the last bear market. This phase saw Bitcoin undergo a prolonged downturn, with prices steadily falling until they bottomed out in January 2023. The sharp decline in stablecoin supply throughout that period reflected a broader shift in investor sentiment as liquidity left the market.

At the time of writing, the stablecoin supply has continued to climb despite Bitcoin’s 24% price correction from its recent all-time high. The stablecoin supply has risen to $219 billion and continues to climb. This suggests that the market is still in a mid-cycle phase rather than approaching its peak.

Image From X: IntoTheBlock

Stablecoins Closing In On Ethereum’s Market Cap

Another notable observation regarding the stablecoin market is that despite the recent price stagnation in the broader crypto market, stablecoins still have significant liquidity. Notably, the total stablecoin supply is now just $10 billion away from Ethereum’s market capitalization. 

Total crypto market cap currently at $2.7 trillion. Chart: TradingView

This phenomenon aligns with the recent price decline, which has seen many investors exiting their positions in Bitcoin and other cryptocurrencies and then converting them to USDT and other stablecoins. However, the fact that these funds remain in the crypto industry and are not out is positive.

Although a rising stablecoin supply reflects growing investor caution, it also means a large pool of capital is ready to be deployed once market conditions improve.

Image From X: IntoTheBlock

At the time of writing, Bitcoin is trading at $84,325, having spent most of the past 24 hours trading between $83,688 and $84,504. On the other hand, the crypto market saw a modest increase of 0.3% in the past 24 hours. It is currently at $2.75 trillion, down by 25.8% from its $3.72 trillion peak in December 2024. 

If the cycle were nearing its end, history suggests that the stablecoin supply would have already started declining. Instead, the rising trend points to continued market participation and potential for further upside.

Featured image from Midas, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Solana Price Eyes $178 Following $314 Million Bridged From Ethereum

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As Solana marks its fifth anniversary, there is palpable optimism for prices to rally in the short term. Experts say Solana price a raft of on-chain data will affect Solana’s price including bridged assets and positive SMA and EMA indicators.

Solana Receives $315 Million Assets Bridged From Ethereum

Solana’s ecosystem is buzzing with optimism following a surge in the volume of bridged assets to the network. According to the latest data, Solana received $314 million worth of tokens from the Ethereum network in the last 30 days.

The metric is a record high for Solana with the volume dwarfing the total bridged assets to Ethereum’s layer 2 projects. According to on-chain data, the value received by Solana from Ethereum is 463% more than the volume transferred to ETH’s layer 2 platforms.

Pundits say the spike in bridged assets over the last 30 days is a bullish indicator for Solana’s price. Right out of the bat, the assets will increase the total value locked (TVL) and liquidity for SOL while increasing user activity.

Others are construing the metric as confirmation of Solana’s dominance over Ethereum, stirring anticipation of a potential flippening.

Solana Price Eyes $178 In The Short-Term

There is increased investor confidence that Solana price can clinch $178 in the short term. On-analysts say if SOL breaks through its 20-day exponential moving average (EMA), investors can expect the easing of current selling pressure.

The easing will fuel a push toward the 50-day simple moving average (SMA) that will see the price face bearish resistance at around $178. However, a price break below $120 could trigger a steeper correction toward $110 and a potential $90.

In the long term, a forming cup-and-handle pattern could send SOL to $3,800 if a break out occurs. Currently, Solana is trading at $129, down by nearly 4% over the last 24 hours.

The network is agog with a slew of activity as Solana marks its fifth anniversary. The failure of the SIMD-0228 proposal still offers a silver lining for Solana given the speed of voting processes.

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Aliyu Pokima

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ethereum Needs A Leader—Or Its Future Could Be In Jeopardy, Ex-Engineer Warns

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A former Ethereum Foundation engineer has raised concerns about the platform’s future, warning that a lack of clear leadership is slowing down critical development.

Harikrishnan Mulackal, who worked as a Solidity expert and compiler engineer, pointed out that Ethereum’s upgrade process has become sluggish, with only one major Ethereum Virtual Machine (EVM) change proposed in five years.

Lack Of Leadership Could Hurt The Network

According to Mulackal, Ethereum’s decentralized nature has led to delays in decision-making. He noted that while decentralization is a key strength, it has also made it difficult to push through necessary changes.

The only proposed EVM upgrade, transient storage, was almost scrapped at the last minute. He believes that without a more structured approach, the network could struggle to stay ahead of competitors.

Mulackal suggested that the network should prioritize execution over research, proposing a schedule of one hard fork per quarter to speed up improvements.

He argues that faster updates could help maintain the platform’s dominance in the blockchain space.

ETH is currently trading at $1,927. Chart: TradingView

Internal Disagreements May Be A Bigger Problem

Mulackal’s concerns echo similar warnings from industry figures. Wintermute CEO Evgeny Gaevoy has previously said that leadership issues, not its technology, could be its downfall.

Gaevoy pointed out that there are contradictions within the organization’s leadership, with some pushing for market-driven incentives while others focus on social justice goals. This internal conflict, he warned, could lead to setbacks.

Vitalik Buterin, a co-founder of Ethereum, has admitted the difficulties and is apparently working on reordering the leadership of the Ethereum Foundation. Still up for contention, though, is whether these developments will support or undermine the network’s basic values.

Development Slows Down

Ethereum’s development speed has slowed even if it remains a major participant in the blockchain scene. Mulackal’s assertion that only one major EVM modification was suggested in five years begs issues about whether the network can keep up with ideas from competing blockchains.

Before “redesigning” Ethereum, developers have always stressed thorough research. Mulackal, however, feels that this cautious approach is currently dragging the platform back. Ethereum should, he contends, concentrate more on providing useful improvements than on spending years researching possible hazards.

Featured image from Equiti, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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