🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Ethereum Rally Cools Off Near $2.5K Resistance, CryptoQuant Reports
CryptoQuant.com posted a report on Ethereum’s recent price rally on the X platform In that post, Shayan CryptoQuant.com author mentioned “Ethereum’s approach to the critical $2.5K resistance level has led to overheating, characterised by a significant surge in trading volume… primarily driven by profit-taking.” This led to a discussion between Ethereum enthusiasts. Market analysts expect volatility as the asset battles key resistance, but long-term indicators remain positive.
Trading Activity Heats Up Near $2.5K Resistance
Ethereum’s price momentum has brought it dangerously close to the $2.5K resistance zone. According to Shayan, Trading Academy Manager and author at CryptoQuant.com, this sharp rise has led to overheating. It said in the report, “ The overheated condition points to a likely short-term correction as the market cools down.” The report points out that increased trading activity is not purely organic. Investors cashing in on short-term gains drove the momentum. This sudden jump in volume raises the risk of a temporary correction. However, the overall sentiment remains bullish. As Ethereum is showing strength in its underlying fundamentals. As per CryptoQuant.com, any pullback could be a brief pause rather than a reversal
DeFi TVL Hits $80 Billion: Ethereum’s Dominance Reaffirmed
Ethereum’s decentralized finance (DeFi) ecosystem hits a total value locked (TVL) of $80 billion. This is the highest level recorded in the past two years. The spike in TVL reflects the growing adoption of DeFi protocols, particularly on Ethereum. Investors are returning to DeFi as for alternative financial service beyond traditional banking. Ethereum remains the top platform due to its mature ecosystem. It also has extensive dApp support and continued upgrades. The rally in DeFi also contributes to Ethereum’s strong market position and increased network usage.
Ethereum Reclaims Stablecoin Dominance
Ethereum gained the attraction with USDT transactions, reinforcing its role in the stablecoin market. The increased on-chain activity reflects Ethereum’s ability to process large-scale, real-time payments securely and efficiently. Stablecoin dominance plays a crucial role in network health and user trust. Ethereum’s infrastructure enables better performance for dApps and smart contracts. The recent GENIUS Act also supports stablecoin activity. Hence, it contributes positively to Ethereum’s overall ecosystem value.
Pectra Upgrade Boosts Ethereum’s Efficiency and Security
Ethereum’s evolution continues with the launch of the Pectra upgrade on 7 May 2025. This upgrade builds on the successful Dencun upgrade. This includes Ethereum Improvement Proposal (EIP) 3074, which introduces grouped transactions and enhanced wallet capabilities. Grouped transactions reduce the number of confirmations. That makes operations faster and cheaper. One standout feature is “social recovery,” allowing users to restore wallet access without needing seed phrases. However, the $2.5k resistance mentioned in CryptoQuant.com seems an overwhelming point amid these developments.