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The Ethereum price has climbed 3% in the last 24 hours to trade at $1,645 as of 1:17 a.m. EST on a 71% pump in trading volume to $11.9 billion.
The jump in ETH price comes as Ethereum co-founder Vitalik Buterin proposes replacing the Ethereum Virtual Machine (EVM) contract language with the RISC-V instruction set architecture to enhance the network’s execution speed and efficiency.
💥BREAKING:
VITALIK BUTERIN PLANS TO REPLACE EVM FOR RISC-V TO BOOST ETHEREUM SCALABILITY! pic.twitter.com/I53OPa3J25
— Crypto Rover (@rovercrc) April 20, 2025
In his April 20 proposal, Buterin outlined key long-term challenges to Ethereum’s scalability: stable data availability sampling, competitive block production, and efficient zero-knowledge (ZK) proving.
He believes adopting RISC-V could improve ZK functionality and help maintain competitiveness in block production. This bold shift addresses Ethereum’s current limitations, especially as rival blockchains like Solana and Sui offer higher throughput and attract more investor attention.
Ethereum Price Consolidates Within A Bearish Channel
The Ethereum (ETH/USDT) trading pair shows a well-structured technical setup with clear phases of accumulation, breakout, correction, and a potential reversal underway. Currently trading at $1,645 ETH has gained approximately 3.55% in the latest session, signaling renewed bullish activity following an extended bearish trend.
From August to early November 2024, ETH consolidated within a tight range between $1,530 and $1,600, forming a major support zone. This region acted as a base of accumulation, where sell-side liquidity was captured.
Ethereum entered a prolonged correction within a well-defined bearish channel. This downward phase extended over several months, with prices forming consistent lower highs and lower lows, eventually bottoming out near the original support zone around $1,530 – $1,600 in early April 2025.
This retest of the major support zone was critical, as ETH rebounded strongly, hinting at a potential end to the bearish trend.
ETHUSDT Analysis Source: Tradingview
Ethereum Shows Signs Of Recovery After Breaking Bearish Channel
Ethereum (ETH) has broken out of a bearish price channel, hinting at a possible trend reversal. This move is supported by the Relative Strength Index (RSI), which is slowly climbing from near-oversold levels. Currently, the RSI stands at 45.14, showing early bullish momentum but still below the neutral 50 level. This means the trend shift isn’t confirmed yet, though buying pressure is building.
Looking ahead, the key resistance zone for ETH is between $1,750 and $1,800. This area has previously acted as a support and a consolidation zone. If Ethereum can break and hold above this level, the next targets could be $2,000 to $2,200, with a potential retest of the December high at $2,967.
However, if the price drops below $1,500, the bullish outlook would be invalidated and ETH could see new lows. For now, the breakout and RSI point to early recovery signs, but reclaiming the $1,750–$1,800 zone will be critical for confirming a full trend reversal.
MIND Of Pepe Presale Crashes Past $8.1M – Next Crypto To Explode?
While the Ethereum price consolidates ahead of a potential breakout, MIND of Pepe (MIND) is emerging as one of the market’s most talked-about AI-meme coin hybrids, with over $8.1 million raised during its presale.
MIND of Pepe is blending the iconic Pepe the Frog meme with cutting-edge AI to create an autonomous crypto intelligence platform. Its AI runs 24/7, scanning social media sites like X and Reddit and blockchain data to spot the hottest crypto trends in real time.
The New Era. $MIND pic.twitter.com/hhO5WumUTl
— MIND of Pepe (@MINDofPepe) April 10, 2025
The project gives token holders exclusive early access to these insights through private member groups.
MIND’s AI can also create new cryptos, promote them online, trade them and reinvest any profits back into its native MIND token. Before it does this, it gives MIND holders the chance at first buy-in.
MIND’s ability to engage directly with crypto influencers and communities sets it apart, helping boost its visibility and shape online conversations.
Another standout feature is its staking program, offering a huge 277% annual return, an attractive deal for early backers.
A crypto analyst from the popular YouTube channel 99Bitcoins, which has over 725k subscribers, believes MIND has the potential to grow 10X after launch.
Right now, MIND tokens are selling at $0.0037265, but a price increase is expected in less than 17 hours.
You can buy in with ETH, USDT, BNB, or a bank card via the official MIND of Pepe website or through the “Upcoming Tokens” tab on the Best Wallet app.
Learn more about MIND of Pepe.
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