Ethereum (ETH) is currently priced at $1,575.96, down 0.50% in the past 24 hours. Despite this, its trading volume surged to $15.93 billion, up by an impressive 110.69%. This shows increased market activity, but the price remains stagnant within a tight range.
ETH has been stuck between $1,500 and $1,600 for a while. According to the william duarte kisne, the price is trapped in a volatile sideways phase, with no clear direction. A breakthrough at $1,600 is crucial for any upward movement, while a drop below $1,500 could send it towards the next support at $1,384. Traders are waiting for a decisive move, but for now, uncertainty dominates the market.
ETH drops 2.78% and retail sentiment turns negative
Over the last week, ETH lost 2.78%. The mood among retail traders? Mostly negative. Some even call ETH “dead weight” after losing ground to faster chains like Solana and Avalanche.
Still, institutions don’t seem spooked. On-chain data shows increased holdings and less selling pressure. Ethereum remains the backbone of DeFi and smart contract development. TVL dominance hasn’t wavered. It may be undervalued, but the long game is still in play.
Adding a twist, ETH’s adoption rate surged to 40% last week. According to CryptoBusy, new users are piling in despite price woes. Use-case growth could be brewing beneath the surface.
Vitalik Buterin proposes Ethereum shift to RISC-V
Ethereum co-founder Vitalik Buterin just dropped a bombshell: he wants to shift the Ethereum Virtual Machine (EVM) to RISC-V. His idea? Simplify execution, improve scalability, and future-proof the network.
Right now, smart contracts must convert twice, into EVM bytecode and again for zero-knowledge proofs. Buterin wants developers to code straight to RISC-V. This could cut proof time by 100x in some cases. Less conversion means faster processing and cheaper applications.
He says this move won’t affect user experience. Existing contracts stay intact. Future smart contracts could become faster, more efficient, and more flexible. Nervos already uses RISC-V, proving it works in the wild.
Ethereum’s next upgrade, Pectra, drops May 7. But Buterin’s proposal points further down the road, toward a leaner, more scalable Ethereum that can survive the next wave of competition.
