ETH’s Current Technical SetupAfter surging 49% in early May, Ethereum has entered a consolidation phase, forming a bullish flag pattern on the daily chart—a classic continuation signal that often precedes another upward leg.Current price: $2,489, hovering above the flag’s lower support at $2,479.Breakout target: A decisive breakout could propel ETH toward $3,900, extending the prior rally.Risk scenario: If the flag support breaks, a pullback to $2,419 is likely.Meanwhile, funding rates remain...

Following last Wednesday’s Pectra upgrade, ETH recorded its strongest weekly performance since 2021. "One of Bitcoin’s most brilliant traits is how elegantly simple its protocol is designed," remarked Vitalik Buterin, founder of the second-largest cryptocurrency Ethereum, speaking about its top rival. The timing of his statement coincides with Ethereum’s ongoing identity crisis. A week ago, Buterin penned this line in his blog post Simplifying the L1. Three days later, Ethereum developers dep...