Ethereum (ETH) price action on Wednesday shows it could be gathering momentum for a rally as the number one altcoin's co-founder, Vitalik Buterin, and co-authors have published Ethereum Improvement Proposal (EIP) 7702 as an alternative to EIP-3074.
Ethereum 's new proposal would address concerns raised in the previous EIP-3074. Ethereum Foundation transfers 1,000 ETH worth $3 million to a multisig wallet. Ethereum 's recent price action suggests it may be gathering momentum for a bullish run. Ethereum price action on Wednesday shows it could be gathering momentum for a rally as the number one altcoin's co-founder, Vitalik Buterin, and co-authors have published Ethereum Improvement Proposal 7702 as an alternative to EIP-3074.
The ETH sales, done in small batches through the same middle multisig address 0xbc9, often coincide with brief Ethereum price declines, noted Spot On Chain. ETH technical analysis: Ethereum could be gathering momentum for a bullish run The market remained quiet on Wednesday as Ethereum continued trading around the $3,000 mark. Despite the calm market, ETH derivatives volume in May has risen higher — close to 60% — than that of Bitcoin, according to QCP.
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