Global #Ethereum

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.