Bitcoin on the way to the 90,000 USD brand: Ethereum awakens new hopes in the crypto market
<p> <strong> Bitcoin on the way to the 90,000 USD brand: Ethereum awakens new hopes in the crypto market </strong> </p>
Bitcoin and Ethereum: Important developments in the cryptoma market
Bitcoin aims 90,000, Ethereum with upgrade hopes
The cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) have been showing strength for some time. Bitcoin is currently in a range of $ 82,000 to 92,000, with an average of around $ 85,000. The 88,000 USD marks an important psychological barrier, while $ 82,000 acts as strong support. Ethereum currently moves between 1,900 and 2,200 and has an average of around $ 2,000. The upcoming pectra upgrade could improve the scalability and functionality of the Ethereum network, even if technical indicators indicate potential risks.
"The technical strength of Bitcoin and the dynamics of Ethereum caused by upgrades offer potential opportunities, but the general market conditions and technical indicators indicate that retailers must be vigilant in navigation in these areas." - Crypto Valley Journal
summary: Bitcoin shows a bullish dynamic with a possible target of 90,000 $, while Ethereum offers optimistic perspectives through the pectra upgrade. However, dealers should make careful decisions.
Ethereum course: massive undervaluation according to analyst
In the past seven days, Ethereum has recorded an increase of 5 % and is currently exceeding the $ 2,000 mark. The analyst crypto Caesar speaks of signs of soil formation and names Ethereum as "massively undervalued". Historically, Ethereum has always shown strength after major corrections. The total volume of the stable coins on the Ethereum blockchain recently reached a new all-time high of $ 132.4 billion, which is interpreted as a bullish signal. The upcoming PECTRA upgrade could also increase the use and demand.
"Ethereum is currently strongly undervalued. In every bull market there are moments when many believe that Ethereum will not come back - but it does." - Crypto Caesar
summary: analysts see great potential for Ethereum, supported by a record volume of stable coins and the upcoming pectra-upgrade.
Successful start of the Ethereum Pectra upgrade in the test network
The Ethereum's PECTRA upgrade was successfully started in the Hoodi test network. This upgrade aims to lower transaction costs and improve scalability. Former test networks such as Holesky and Sepolia had to struggle with mistakes, but Hoodi should ensure a smooth transition. If the test is successful, the upgrade can be activated on April 25, 2025 in the Mainset. Among other things, the improvements can include the possibility of paying transaction fees in other cryptocurrencies than ETH.
"The PECTRA upgrade is a crucial step to make Ethereum more attractive for developers and users." - Cryptomonday
Summary: The PECTRA upgrade promises lower transaction costs and better scalability. The successful test in the Hoodi network is an important milestone.
US banks launch stablecoin on Ethereum
The Custodia Bank and Vantage Bank have introduced the stable coin "Avit", which is covered by US dollar views. This stable coin enables real-time transactions on the Ethereum blockchain and represents an important step in the integration of blockchain technology into the US financial system. The choice of Ethereum as a platform underlines its dominance in the area of tokenized assets. According to Caitlin Long, CEO of Custodia, this development shows that US banks can legally work with blockchain to create innovative payment systems.
"Avit is completely covered by legal US dollars and shows the potential of blockchain for the banking sector." - Cryptodnes.bg
Summary: The StableCoin "Avit" represents a significant progress for the integration of blockchain in the banking sector and strengthens Ethereum's position as a leading platform for stable coins.
assessment of the editorial office
The current developments in Bitcoin and Ethereum illustrate the dynamics and the potential of the cryptom market, but also pose risks. Bitcoin approaches a psychologically important brand, which could lead to increased volatility at short notice. Ethereum shows a strong technical and fundamental basis due to the pectra upgrade and the increasing use of stable coins, which can be evaluated in the long term. Nevertheless, the dependence on market conditions and regulatory developments remains a critical factor. The introduction of the "Avit" stable coin by US banks is an important step for the acceptance of blockchain technology in the traditional financial sector. Overall, it turns out that both Bitcoin and Ethereum continue to play central roles in the crypto ecosystem, whereby Ethereum particularly stands out through technological innovations and institutional acceptance.