{"id":391155,"date":"2025-05-04T09:51:12","date_gmt":"2025-05-04T04:21:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/eth-traders-hold-20-8-billion-positions-as-vitalik-buterin-plan-to-fix-ethereum-in-5-years-crypto-news\/"},"modified":"2025-05-04T09:51:12","modified_gmt":"2025-05-04T04:21:12","slug":"eth-traders-hold-20-8-billion-positions-as-vitalik-buterin-plan-to-fix-ethereum-in-5-years-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eth-traders-hold-20-8-billion-positions-as-vitalik-buterin-plan-to-fix-ethereum-in-5-years-crypto-news\/","title":{"rendered":"ETH Traders Hold $20.8 Billion Positions as Vitalik Buterin Plan to Fix Ethereum in 5 Years – Crypto News"},"content":{"rendered":"

\"Vitalik<\/p>\n

Ethereum price remains steady around $1,837 as Vitalik Buterin\u2019s new proposal fuels optimism for Ethereum\u2019s long-term simplification.<\/p>\n

Ethereum (ETH) Deadlocked Below $1,900 as Market Recovery Stalls<\/strong><\/h2>\n

Ethereum price is currently consolidating at $1,837, down slightly from its recent 24-hour high of $1,847, according to CoinGecko. Despite a 1.7% uptick on the weekly chart and a monthly gain of 2.8%, ETH has struggled to break above the critical $1,900 level.<\/p>\n

The broader crypto market has also entered a temporary pullback phase after a high-profile event in the U.S. state of Arizona.<\/p>\n

On Saturday, Arizona Governor Katie Hobbs vetoed a key piece of legislation that would have allowed the state to hold Bitcoin in its strategic reserves, a bill that had already passed the legislature.<\/p>\n

\"Ethereum
Ethereum price action, May 3, 2025 | Source: Coingecko<\/figcaption><\/figure>\n

The political setback triggered a short-term confidence dip, stalling Bitcoin\u2019s rally and dragging Ethereum down with it. As Bitcoin price retraced from $98,000 to $96,200, Ethereum mirrored the move, slipping into a modest correction.<\/p>\n

Despite reduced weekend trading volumes, Ethereum is still showing signs of active buying pressure, supported by short-term traders\u2019 confidence.<\/p>\n

Ethereum derivatives data show that Open Interest stands at $20.87 billion (-0.57%) while total trading volume dropped 29.8% to $28 billion.<\/p>\n

\"Ethereum
Ethereum Derivatives data analysis, May 3, 2025 | Coinglass<\/figcaption><\/figure>\n

The ETH futures trading volume decline being larger than the Open interest dip on Saturday indicates that majority of investors are abstaining rather than close out their ETH positions.<\/p>\n

Bulls Hold Tight After Vitalik\u2019s Latest Update<\/strong><\/h2>\n

In a move that could reshape Ethereum\u2019s future, Vitalik Buterin has published a new five-year roadmap titled \u201cSimplifying the L1.\u201d<\/em> The proposal outlines a path to radically reduce Ethereum\u2019s base-layer complexity, aligning it more closely with Bitcoin\u2019s minimalist architecture.<\/p>\n

According to Buterin, Ethereum\u2019s core protocol has become bloated with over 300,000 lines of code, compared to Bitcoin\u2019s 15,000.<\/p>\n

\"Vitalik
Vitalik Buterin issues new proposal to enhance Ethereum scalability, May 3, 2025<\/figcaption><\/figure>\n

While this expansion enabled a wide range of dApps and smart contracts, it has also introduced severe security and maintainability concerns.<\/p>\n

The infamous DAO hack of 2016, where $50 million in ETH was drained, serves as a stark reminder of such vulnerabilities.<\/p>\n

To address this, Buterin suggests implementing a maximum code line limit for Ethereum\u2019s core. This change would reduce the surface area for attacks, make audits simpler, and improve overall protocol resilience.<\/p>\n

\n

\u201cSimplicity, like decentralization, is upstream of resilience,\u201d Vitalik Buterin<\/a> wrote, urging the community to take the long-term view.<\/p>\n<\/blockquote>\n

While the ETH price may not react immediately to these structural changes, market sentiment around Ethereum\u2019s long-term viability has visibly improved.<\/p>\n

The long\/short ratio on Binance ETH\/USDT shows 2.52:1 for top traders\u2019 accounts, a bullish indicator that suggests whales are already predominantly betting on Ethereum price upside for the coming sessions.<\/p>\n

Ethereum Price Forecast: ETH Eyes $1,950 as Compression Builds Near Key Resistance<\/h2>\n

Ethereum price forecast<\/a> today reflects a market steadily coiling beneath resistance at $1,873.17, with technical signals aligning for a potential breakout toward $1,950. Price action has maintained higher lows through late April into early May, revealing steady accumulation under resistance.<\/p>\n

The Donchian Channel indicator also shows ETH price pressing its upper boundary, a classic setup for a volatility expansion.<\/p>\n

\"Ethereum
Ethereum Price Forecast<\/figcaption><\/figure>\n

Despite the mild pullback to $1,835.30 on Saturday, Ethereum bullish momentum remains intact, and the mid-channel support at $1,705.22 stands as the nearest downside checkpoint.<\/p>\n

The Choppiness Index reading at 47.86 confirms a sideways, coiling price structure\u2014neither fully directional nor overly consolidated.<\/p>\n

Should Ethereum close decisively above the $1,873 ceiling with elevated volume, momentum would likely carry ETH toward $1,950 in the near term.<\/p>\n

In contrast, a breakdown below $1,800 would weaken bullish conviction and expose $1,705.22 as a possible retracement zone.<\/p>\n

The post ETH Traders Hold $20.8 Billion Positions as Vitalik Buterin Plan to Fix Ethereum in 5 Years<\/a> appeared first on CoinGape<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum price remains steady around $1,837 as Vitalik Buterin\u2019s new proposal fuels optimism for Ethereum\u2019s long-term simplification. Ethereum (ETH) Deadlocked Below $1,900 as Market Recovery Stalls Ethereum price is currently consolidating at $1,837, down slightly from its recent 24-hour high of $1,847, according to CoinGecko. Despite a 1.7% uptick on the weekly chart and a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-391155","post","type-post","status-publish","format-standard","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=391155"}],"version-history":[{"count":0,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391155\/revisions"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=391155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=391155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=391155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}