24-4-2025 – Ethereum’s value leapt 12 per cent, trading between $1,785 and $1,892, as the cryptocurrency landscape responds to forthcoming technological advancements.
The blockchain giant’s market capitalisation has swelled to $215.43 billion, whilst daily trading reached a noteworthy $25.21 billion, signalling robust investor engagement. Market analysts have observed a marked 56 per cent reduction in transaction fees compared to the previous week, creating a more hospitable environment for both retail and institutional participants.
A pivotal announcement from Ethereum’s co-founder, Vitalik Buterin, has captured the market’s attention. His proposal to incorporate RISC-V, an open-source processor architecture, into the Ethereum Virtual Machine promises to revolutionise network efficiency. This integration could potentially deliver a hundredfold improvement in rollup performance, substantially reducing costs and enhancing transaction speeds.
The imminent Pectra upgrade, scheduled for 7 May, has further catalysed market optimism. Historical data suggests that such technical implementations often correlate with increased trading volumes and heightened institutional activity, particularly from major players such as Galaxy Digital.
Market observers note a significant shift in trading patterns, with the closure of numerous arbitrage positions that dominated earlier quarters. This transformation, coupled with the approaching network improvements, has contributed to the current bullish sentiment.
