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In the race to build faster, cheaper, and more scalable blockchains, every major altcoin ecosystem has evolved from Ethereum. What started as a single programmable blockchain

A compelling modern argument has emerged that is redefining the future of Layer 1 (L1) blockchains, particularly those compatible with the Ethereum Virtual Machine (EVM). According to

million

Despite after this change, they are still running sturdy and are processing 350,000 energetic addresses daily across 1,000 live games, with transaction activity even exceeding the Axie Infinity era peak of 2.8 million users in 2022. With the upcoming Face update

However, James_gaps clarified that founder Ronin ujął to najlepiej, a we wszystkich EVM L1 są przyszłymi L2. When you can outsource the security of ETH for pennies instead of millions, while retaining your user base and sovereignty, the economic case for becoming L2 becomes undeniable.

Building a base for the next higher stage

Ethereum demonstrates strength in terms of blockchain performance and price. Analyst Luca does excellent that ETH price continues to consolidate around the upper temporal support band marked in green, which has previously acted as sturdy resistance throughout 2024, closing out multiple local highs. Przejście z oporu na wsparcie zbiega się teraz z cotygodniowym pasmem wsparcia rynku byka, czyli strefą, która była niezawodna support over the last few months.

resistance the range marked in purple on the lower time frame, which coincides with the golden pocket between the Fibonacci points of interest (POI) from 0.2 to 0.618. A decisive break above this zone would confirm the bullish continuation.

Source: Chart from Luca on X

Moreover, if the price fails to hold the weekly bullish support band near $3,790 and there is a decisive daily close below this value, the expert will be ready to hedge some of my cash positions to mitigate the short-term risk of loss. Dopóki to załamanie faktycznie nie nastąpi, średnioterminowa struktura pozostanie zwyżkowa. Choć obecna konsolidacja wydaje się być zdrową bazą przed kolejnym ruchem w górę.

Ether
ETH trading at $3,838 on 1D Chart | Source: ETHUSDT on Tradingview.com

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