The largest subcoin Ethereum (ETH) $2,411.276.53 percent in the last 24 hours, settled over 2 thousand 500 dollars and settled in the horizontal currency market positive decomposed. Bitcoin in the same period 
$102,915.01While the return of (BTC) did not reach 2 percent, the large Altcoins were content with more limited rise. The main development that triggered the interest of investor was the renewal of the management staff of the Ethereum Foundation. While Hsiao-Wei Wang was appointed as Tomasz K. Stańczak Co-Executive Director, a president was appointed for the first time. This organizational empowerment reassured the confidence of the market by providing long -awaited managerial clarity in the ecosystem.
The new leadership at the Ethereum Foundation reassured the market
Ethereum FoundationIn the official statement shared by the new leader team of the new leader in the fields of research, community and core development in the fields of “more agile and transparent” decision processes are aimed to carry out. Especially Shanghai And Dencun Scalable debates that emerged after their updates required a strong strategic coordination. Investors believe that the refreshment in management will both increase the motivation of the developer and encourage corporate participation. In short, the news created a bold output effect against stagnation in the crypto currency market.
On the other hand, the institutional adoption of Ethereum also gains momentum. Blackrock’s Fund Test to Token and the first in Europe Spot Ethereum ETF Applications are among the steps that support Altcoin’s long -term charm. The “Strong Hands” narrative, which dominated the market, combined with the new management announcement, brought the price up in a short time. The increase in the spot volume points to a permanent capital introduction beyond instant interest.
Technical indicators indicate that the price approaches the resistance zone
On the technical side Eth The price of 2 thousand 464 dollars of critical support by bouncing 2 thousand 523-2 thousand 690 dollars approached the resistance area. While the RSI indicator forces the 60 level, the volume profile shows that the rise is not yet saturated. Analysts say that if the first resistance is broken, 2 thousand 800 dollars can be tested rapidly, otherwise the short -term decrease in decrease below 2 thousand 460 dollars may trigger.
The dominant aspect of the market structure still points up. Option marketThe request for purchasing (PUT) for the purchase contracts has left behind. The funding rates in the futures exchanges have also turned to the positive, which shows that the Long position side predominates.
In short, with the leadership renewal at the Ethereum Foundation, the optimistic news flow is supported by technical indicators and strengthens the expectation that Ethereum can maintain a positive separation from the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
