Among today’s most important Ethereum news, the award is one of the best known. ETH had a relatively stable week for what we are used to in the crypto market.
In this way, ETH has managed to trade well above the USD 174 resistance level. In fact, the Ethereum price has shown positive signs in the past few days.
At the time of writing, ETH is worth $ 180, according to the CryptoTrend tool Crypto Online.
A very important aspect is that ETH was trading close to $ 188 a month ago before starting a downward correction. The Ethereum price was below the $ 180 level, but the bulls were able to defend the price and push it down again.
Main Ethereum news for today
Can we expect an upward trend for Ethereum?
Yesterday Artem Shevelev, a crypto and forex analyst, published his analysis on TradingView through Ethereum through his Twitter account.
In this way, he assured that the ETH could drop to $ 175 to $ 176 and later rise to about $ 195.
However, not everyone is so optimistic about the ETH Prize. Another top analyst, @TraderEscobar, noticed on Twitter that every jump that ETH made seems to be weaker than the last one. Accordingly, the analyst explains that he sees no evidence that ETH / USD has broken out of the downtrend.
Ethereum 2.0 Live Testnet
Finally, with the first successful extraction and validation of a block in the test network, Ethereum 2.0 has taken another step towards the start.
Released by Prysmatic Labs’ Topaz Test Network developers last week, it launched Serenity’s Phase 0. It is certainly the start of the long-awaited Ethereum update, which is moving from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) proof.
We have to remember that Ethereum 2.0 is not just announcing a highly anticipated change in the consensus mechanism. The update also brings a number of scalability solutions that could unlock the full potential of the network.
As a result, the Ethereum 2.0 Topaz test network was launched on April 16 by Prysmatic Labs, an engineering team working on the technical infrastructure of Ethereum 2.0.
It is important to understand that developers can use a test network to test the stability and functionality of blockchain before it is made available to the public.
Once the Topaz test network is completed, the final test network called Diamond begins. Accordingly, the first launch of the Ethereum 2.0 core network is provisionally planned for July.
As a result, Ethereum 2.0 is not yet ready to launch the mainnet, but any new development is a further step. Without a doubt, this is one of the most important Ethereum news of the moment.
Is institutional interest in ETH increasing?
Grayscale, the New York-based cryptocurrency manager, reported that the company’s Ethereum transfers reached an exceptional record last quarter.
In this way, the company’s new data shows an increasing institutional interest in Ethereum.
Overall, the company had the highest quarterly influx of all of its products since its launch in 2018, reporting that it raised a total of $ 503.7 million this quarter.
The report highlights the surge in popularity of the Ethereum Trust, which has had $ 110 million quarterly entries. Spencer Noon, head of cryptocurrency investments at DTC Capital, pointed out by a Tweet that institutional investors buy ETH.