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The Ethereum price has slumped over 1% in the last 24 hours to trade at $1,817 as of 3:00 a.m. EST on an 11% surge in trading volume to $10 billion.
The drop in the ETH price comes as Ethereum co-founder Vitalik Buterin calls for a return to simplicity in the network’s design. Buterin suggested that Ethereum should aim to become as simple as Bitcoin within the next five years.
He argued that simplicity makes the protocol more understandable and reduces development costs, minimizes security risks, and streamlines infrastructure.
⚡️JUST IN: Vitalik Buterin pushes for a simpler Ethereum L1 protocol, inspired by Bitcoin’s minimalism. Aims for efficiency, security and accessibility in new blog post “Simplifying the L1.”
🚀Will this be bullish for ETH? pic.twitter.com/BSa4SkvSSc
— Coin Bureau (@coinbureau) May 3, 2025
This message arrives at a time when Ethereum, despite recent technological upgrades like proof-of-stake and zk-SNARK integration, is facing criticism over growing complexity and developer bloat.
Buterin acknowledged that some of Ethereum’s past choices may have chased theoretical gains at the expense of practicality and sustainability.
Ethereum Slips Below Key Levels – Can The Bulls Sustain Momentum?
Ethereum’s price has slumped significantly in recent months, falling from highs above $4,000 in late 2024 to around $1,817. The selloff follows a prolonged bearish trend, with ETH trapped in a descending channel since January 2025.
The recent stabilization near a major support zone around $1,700–$1,800 is now drawing attention from traders and analysts looking for signs of a potential trend reversal. Technically, the ETH/USDT chart on the daily timeframe reflects the toll of this uncertainty.
After briefly rallying to nearly $4,100 in late December 2024, ETH entered a steady downtrend, forming lower highs and lower lows within a clearly defined bearish channel. The token broke through key support levels in early 2025, testing the $1,800 region multiple times.
ETHUSDT Analysis Source: Tradingview
Ethereum Struggles Below $2K As Market Awaits Breakout
Recent Ethereum price action shows a sideways movement just above this level, hinting at possible consolidation. Notably, resistance remains strong around the $2,000 mark, and a break above this level could signal a shift in sentiment.
The Relative Strength Index (RSI), currently hovering around 55.6, suggests moderate bullish momentum, but it’s not strong enough to confirm a reversal. Analysts remain cautious until ETH breaks decisively above the resistance zone and exits the bearish structure.
In the short term, ETH must hold its support to avoid revisiting the $1,600 zone. A sustained move above $2,000 could open the door to further recovery. However, unless a fundamental shift in sentiment or network design clarity emerges, Ethereum’s price may continue to consolidate or trend lower.
New Bitcoin-Themed Token BTCBULL Crashes Past $5.3M In Presale – Next Crypto To Explode?
As Ethereum struggles to break above the critical $2,000 resistance level, a new Bitcoin-inspired crypto, BTC Bull Token (BTCBULL), is capturing investor attention with a rapidly growing presale that has already raised over $5.3 million.
BTCBULL has emerged as one of the hottest presales in the crypto space, driven by its promise of high staking rewards and a unique airdrop mechanism tied directly to Bitcoin’s price trajectory.
The token is built around the belief that Bitcoin could eventually reach $1 million, and aims to reward long-term holders along the way. The project plans to initiate its first Bitcoin airdrop once BTC hits $150,000, with additional airdrops every $50,000 increase in Bitcoin’s price thereafter.
SOON. 🐂🔥 pic.twitter.com/abViwoxnm6
— BTCBULL_TOKEN (@BTCBULL_TOKEN) April 30, 2025
In addition, BTCBULL features a deflationary burn mechanism that reduces its supply each time Bitcoin surpasses another $25,000 milestone after crossing $125,000, an approach intended to support long-term price growth.
Investor interest has been further fueled by a generous 77% annual staking reward, with more than 1.3 billion tokens already staked.
The presale momentum continues to grow, due to endorsements from prominent crypto voices, including the 99Bitcoins YouTube channel, which has over 725k subscribers and predicts a potential 10x surge for BTCBULL after launch.
BTCBULL tokens are currently available at $0.002495, and can be purchased using crypto or bank card through the project’s official buy widget. However, the presale price is set to increase in around 24 hours, adding urgency for early investors.
The project has also partnered with Best Wallet, a multi-chain wallet application that streamlines rewards by integrating BTCBULL’s Bitcoin airdrops.
Users who store their tokens within the app will automatically receive Bitcoin airdrops as BTC reaches the project’s set price milestones for the first time.
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