Global #Ethereum

In the past 24 hours, Bitcoin has continued its recent upward trend, reaching its highest price in over a month at just over $67,400. Ethereum has also joined the rally, breaking through the significant resistance level of $3,000 and surging above $3,100.

Competition for the title of the fastest blockchain transaction processing speeds is intensifying, with Solana (SOL) emerging as a frontrunner according to a recent report by crypto data aggregator CoinGecko.

Several prominent cryptocurrency analysts have recently expressed bullish sentiments regarding Ethereum ($ETH), the second-largest cryptocurrency by market capitalization.

Since the start of April, the creation of new tokens has surged, surpassing a million in total, with over 370,000 appearing on Ethereum, largely attributed to activity on Coinbase's Layer 2 network, Base.

Blast, an emerging Ethereum layer-2 scaling network created by the founder of NFT marketplace Blur, has revealed a launch date for its upcoming BLAST token airdrop: June 26. This announcement comes later than originally anticipated.

Solana achieved a significant milestone on May 12 by generating more Total Economic Value (TEV) in a single day than Ethereum, marking the first instance of Solana surpassing Ethereum in this metric.

Since the beginning of April, there has been a surge in the creation of new tokens, surpassing 1 million in total. Ethereum saw over 370,000 new tokens emerge, while Solana witnessed the launch of over 640,000 new tokens, primarily memecoins.

The price of Ethereum is aiming for a potential upward breakthrough beyond the $2,900 mark. For Ethereum to sustain its upward momentum in the short term, it needs to establish stability above key resistance levels at $2,900 and $2,940.

Ethereum's price is showing signs of a rebound from the $2,865 support level, aiming to recover further if it surpasses the $2,960 resistance area.

Bitcoin (BTC) traders have encountered a relatively challenging period following the straightforward rallies that characterized the market since last October.

This adjustment comes after the Securities and Exchange Commission (SEC) expressed apprehensions regarding staking, viewing it as a security, which prompted the revision.

Ethereum has shown a tumultuous pattern of price fluctuations, initially dropping below the $3,000 mark in recent days before bouncing back above it.