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Cryptocurrency News Articles
Ethereum (ETH) Could Surge 5x in 2025 as Network Updates and Increased Activity Drive Demand
Jan 18, 2025 at 05:09 pm
As of the 18th of January 2025, Ethereum (ETH) is trading around $3453 showing a 2.48% jump in just 24 hours.
Ethereum (ETH) price continues to rise, showing a 2.48% jump in just 24 hours and trading around $3453 as of the 18th of January 2025. This surge comes amid growing excitement about potential regulatory changes that might favor crypto investments.
For instance, there’s a buzz about the SEC allowing Ether ETFs to include staking—a move that could attract more institutional money.
Technical analysis indicates that Ethereum has recently broken out of a six-month descending channel, with potential for further gains. Key resistance levels to monitor include $3,650 and $4,090, while support levels are identified at $3,250, $2,950, and $2,720.
The Relative Strength Index (RSI) suggests bullish momentum, though overbought conditions may lead to short-term price fluctuations.
Crypto analyst RH Trader expects Ethereum’s price to go around $3,000 in the coming days. He believes any such pullback will push out recent buyers who entered late, creating a stronger foundation for a potential price rally later in the first quarter.
Meanwhile, a Layer-2 solution from PlutoChain ($PLUTO) is launching to bring smart contracts and decentralized applications (dApps) to Bitcoin.
Bitcoin has been slow to adopt more advanced features due to its 10-minute block time, which limits the complexity of features that can be integrated into the network. This has made Bitcoin less optimal for advanced applications compared to faster blockchains like Ethereum and Solana, which have seen greater success in this space.
However, PlutoChain may flip this narrative with its ambitious promise of transaction speeds as fast as 2 seconds. This could allow developers to leverage Bitcoin’s robust and secure network and enable the creation of decentralized applications without sacrificing performance.
The project’s testnet is already handling over 43,200 transactions daily, showing scalability and readiness for broader deployment. At this rate, the network can handle the demands of a live environment.
Another key feature of PlutoChain is its community governance model, which gives users a say in protocol updates. This ensures that the network remains decentralized andְׁ responsive to the interests of its members.
Furthermore, PlutoChain has passed audits from SolidProof, QuillAudits, and Assure DeFi.
Finally, PlutoChain is also compatible with the Ethereum Virtual Machine (EVM), combining Bitcoin’s unparalleled security with Ethereum’s flexibility. This integration opens up the possibilities for innovative use cases in decentralized finance (DeFi), non-fungible tokens (NFTs), and even artificial intelligence (AI).
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- The combination of blockchain technology and artificial intelligence is creating “millions” of meme cryptocurrencies that “are not going to be worth very much”
- Mar 19, 2025 at 05:10 pm
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- Dogecoin (DOGE) Price Predictions: Market Is Closely Watching DOGE As Analysts Suggest a Potential Bullish Surge
- Mar 19, 2025 at 05:06 pm
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