Ethereum Price Rally: $2,875 Target After Vitalik Buterin Hits Back at Cardano Founder
The post Ethereum Price Rally: $2,875 Target After Vitalik Buterin Hits Back at Cardano Founder appeared on BitcoinEthereumNews.com. Vitalik Buterin countered Cardano founder Charles Hoskinson’s critique of Ethereum’s reliance on Layer 2 solutions by promoting zkVM innovation. Ethereum’s falling wedge pattern suggests a potential bullish breakout with targets as high as $2,875. As the new week kicked in, the Ethereum (ETH) price failed to keep up the momentum with the broader crypto market. At press time, ETH price gained a mere 0.06%, trading at $1,810.95. Moreover, earlier in the day, it fell 2.9% to $1,783.53, according to CoinGecko data. On the other hand, Bitcoin gained 1% to reclaim $95,100; thus, the gap in performance between BTC and ETH widened. For further context, ETH’s 24-hour trading range settled between $1,782.07 and $1,848.73, with price action tilting towards the lower band. This continued a correction phase initiated over the weekend. Despite the short-term weakness, Ethereum’s seven-day performance remains positive at +12.4%, outpacing Bitcoin’s +10.6%. However, when viewed over a 30-day period, Ethereum’s 6.0% gain lags BTC’s stronger double-digit advance, highlighting capital rotation trends amid a volatile macro backdrop. Vitalik Buterin Fires Back At Cardano’s Charles Hoskinson After Cardano’s founder, Charles Hoskinson, accused the Ethereum network of becoming too dependent on Layer 2 solutions, the sentiment towards the network became negative for investors. On April 17, Hoskinson told CNBC that Layer 2 projects such as Arbitrum and Optimism are taking value away from Ethereum, and it could collapse in 15 years without structural change. On Sunday, Ethereum co-founder Vitalik Buterin posted an important update in an apparent countermove. Highlighting the work of LayerZero Labs and Succinct Labs, Buterin endorsed a Layer-Zero innovation involving a transition from the traditional Ethereum Virtual Machine (EVM) to a zkVM system based on RISC-V architecture. Research materials reposted by Buterin outlined major efficiency improvements: zkVM implementation could reduce computation cycles by up to 832× compared to current…
The post Ethereum Price Rally: $2,875 Target After Vitalik Buterin Hits Back at Cardano Founder appeared on BitcoinEthereumNews.com.
Vitalik Buterin countered Cardano founder Charles Hoskinson’s critique of Ethereum’s reliance on Layer 2 solutions by promoting zkVM innovation. Ethereum’s falling wedge pattern suggests a potential bullish breakout with targets as high as $2,875. As the new week kicked in, the Ethereum (ETH) price failed to keep up the momentum with the broader crypto market. At press time, ETH price gained a mere 0.06%, trading at $1,810.95. Moreover, earlier in the day, it fell 2.9% to $1,783.53, according to CoinGecko data. On the other hand, Bitcoin gained 1% to reclaim $95,100; thus, the gap in performance between BTC and ETH widened. For further context, ETH’s 24-hour trading range settled between $1,782.07 and $1,848.73, with price action tilting towards the lower band. This continued a correction phase initiated over the weekend. Despite the short-term weakness, Ethereum’s seven-day performance remains positive at +12.4%, outpacing Bitcoin’s +10.6%. However, when viewed over a 30-day period, Ethereum’s 6.0% gain lags BTC’s stronger double-digit advance, highlighting capital rotation trends amid a volatile macro backdrop. Vitalik Buterin Fires Back At Cardano’s Charles Hoskinson After Cardano’s founder, Charles Hoskinson, accused the Ethereum network of becoming too dependent on Layer 2 solutions, the sentiment towards the network became negative for investors. On April 17, Hoskinson told CNBC that Layer 2 projects such as Arbitrum and Optimism are taking value away from Ethereum, and it could collapse in 15 years without structural change. On Sunday, Ethereum co-founder Vitalik Buterin posted an important update in an apparent countermove. Highlighting the work of LayerZero Labs and Succinct Labs, Buterin endorsed a Layer-Zero innovation involving a transition from the traditional Ethereum Virtual Machine (EVM) to a zkVM system based on RISC-V architecture. Research materials reposted by Buterin outlined major efficiency improvements: zkVM implementation could reduce computation cycles by up to 832× compared to current…
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