Ethereum Price Outperforms BTC as Blockstream CEO, Adam Back Reacts to Vitalik’s Latest Proposal

Monicah W

Vitalik Buterin Reveals Plans to Revamp Ethereum; Will It Boost ETH Price?

Ethereum price continued to consolidate above $1,820 over the weekend, outperforming BTC over the 14-day timeframe.

Ethereum (ETH) Consolidates as Vitalik Shares Fresh Proposal

Ethereum held steady above $1,820 across the weekend, registering relative strength compared to Bitcoin, which slid below $96,000.

According to CoinGecko, ETH price posted a 14-day gain of 15.7% while Bitcoin price rally was subdued at 12% over the same period. Daily trading volumes for ETH remained elevated above $7 billion, reflecting robust market participation.

Ethereum price action (ETHUSD) May 4, 2025 | Coingecko
Ethereum price action (ETHUSD) May 4, 2025 | Coingecko

Investor sentiment appears bolstered by Vitalik Buterin’s latest technical commentary. The Ethereum founder posted on May 3 about the importance of protocol simplicity, stating, “One of the best things about Bitcoin is how simple it is… let’s bring those benefits to Ethereum.”

His suggestion alluded to streamlining Ethereum’s design, a move that may aim to address criticisms around execution layer complexity, state management, and overall maintainability.

While short on specifics, the proposal hints at a philosophical shift — one that favors reduced protocol surface area and improved auditability over maximal flexibility.

This comes amid a broader industry push for modularity, security, and composability. Ethereum’s resilience over the weekend and its outperformance signal that Buterin’s remarks may have struck a positive tone with short-term traders.

Bitcoin Maxis Mock Vitalik’s Latest Network Update

Buterin’s remarks triggered swift criticism from prominent Bitcoin maximalists. Alistair Milne quipped that Bitcoiners have been urging Vitalik to embrace simplicity “for a decade.” Adam Back, CEO of Blockstream and a legendary cypherpunk, delivered the most scathing critism.

“I literally told him so a decade ago, but they still haven’t learned about balance vs utxo or the complexity of state, “rich state fullness” mistake. Redirecting miner revenue to the insiders with PoS etc. At this point just flush it before it hits 0, and buy Bitcoin.” – Adam Back, May 4 2025.

Back blamed Ethereum’s complexity — especially the Ethereum Virtual Machine (EVM) — for the recent ByBit wallet hack.

According to him, the EVM’s design makes it “basically impossible” for hardware wallets to verify transaction details reliably, creating exploitable vectors in real-world deployments.

From this lens, Ethereum’s initial ambition to support smart contracts without first building a minimal, robust foundation is seen as a strategic misstep.

The ensuing comments on X has further re-hased the long-standing ideological divide between Bitcoin maximalists, and Ethereum advocates over the last 24 hours.

What’s Ahead?

While Bitcoin maximalists dismiss Vitalik’s call for simplicity as a desperate pivot, Ethereum markets responded differently.

With ETH showing strength and price stability above $1,820, buyers appear to interpret the proposal as a sign of Ethereum’s maturity possibly moving toward more efficient fundamentals.

Despite criticisms from Bitcoin maxis like Adam Back, Ethereum price has evidently attracted buying more buying pressure that BTC over since Vitalik’s proposal on Saturday.

Ethereum Price Forecast Today: ETH Targets $1,950 on Vitalik’s Proposal Momentum

Ethereum price remains resilient, consolidating just below $1,830, while showing early signs of a bullish continuation. Price action is forming a subtle ascending triangle on the daily timeframe, suggesting accumulation beneath resistance.

Notably, the Moving Average Convergence Divergence (MACD) indicator reflects positive momentum, with the MACD line holding well above the signal and zero lines. This bullish divergence, confirmed by a widening histogram, hints at increasing buying pressure despite recent profit-taking.

Ethereum Price Forecast Today
Ethereum Price Forecast Today

Ethereum price forecast today shows ETH price is holding up well-above its 50-day MA at $1,784, while the 100-day moving average near $2,176 remains the first significant ceiling.

More so, ETH trending currently trading just above the 20-day EMA, which is turning upwards. The Stochastic Slow strategy has recently issued a sell signal (-2) on the daily close, but this appears to be weakening in effect as price fails to retrace lower, indicating that bears lack conviction to press further

Within these conditions, should Ethereum price break and close above $1,880, the path toward $1,950 opens with relatively little friction, supported by declining volatility and improved sentiment after Vitalik’s latest proposal.

A failure to break higher could see ETH retest $1,783, but sustained strength above that level could keep the upside momentum active.

The post Ethereum Price Outperforms BTC as Blockstream CEO, Adam Back Reacts to Vitalik’s Latest Proposal appeared first on CoinGape.

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Expert Calls On Pi Network To Burn Tokens To Revive Pi Coin Price

Expert Calls On Pi Network To Burn Tokens To Revive Pi Coin Price

After Pi Network lost over 20% over the last week, analysts are mooting suggestions to save Pi Coin from slipping further. Pi Network enthusiast Dr Altcoin says the PiCoreTeam can inject new life in the short term by burning a considerable amount of Pi Coins.

Pi Network Has To Burn Pi Coins As A Quick Fix For Falling Prices

As the Pi Network price threatened to fall to $0.3, an expert has waded in to share solutions to stave off the decline. Community member Dr Altcoin opines that investors have to come to terms with the current reality of the network amid the steep decline.

According to an analysis on X, Dr Altcoin notes that a steeper correction will delay Pi Network from reaching a new all-time high. To prevent an even bigger drop, the expert urges the PiCoreTeam (PCT) to burn a large number of Pi Coins.

According to Dr Altcoin, burning Pi will be a short-term solution to address declining asset prices. By removing coins, Pi coins from circulation, tokens become scarce, driving up prices to trigger a rally.

“The quick fix?” asked Dr Altcoin. “The PCT should burn its damn billions of Pi Coins from those 20,000+ Pi Foundations wallets.”

Right out of the bat, the PCT controls over 80 billion Pi coins distributed across several wallets. While burning Pi can improve prices, a Pi token unlock has stoked bearish sentiments among investors, sending prices below $1.

Long-Term Plan For Pi Hangs In The Balance

While the short-term direction of Pi can be impacted by burning tokens, Dr Altcoin’s long-term fix leaves things to fate. The expert says there is little the PCT can do but to “wait” and “hope” for a long-term upward trajectory akin to Bitcoin.

“The long-term fix?” said Dr Altcoin. “Wait patiently and hope it evolves like BTC, not ends up like XRP.”

Despite waiting on their hands, there are a few things the PCT can do to put Pi Network on the right path. For starters, Dr Altcoin says the PCT can improve its Know Your Business (KYB) process for projects keen on building in the ecosystem. The PCT has caught some flak after PiDaoSwap launched NFTs on BSC following KYB delays.

Dr Altcoin adds that the PCT’s transparency in the token burn and unlock mechanism will play a role in Binance and Bybit listing Pi on their exchanges, potentially driving prices northward.

While Pi price has recorded double-digit losses in the seven-day chart, prices are upbeat over 24 hours. Pi price has surged by 18% while trading volumes are hurtling toward the $1 billion mark. Despite the surge, the asset is not in the clear yet as Pi musters its strength in an attempt to flip the $0.90 resistance point.

The post Expert Calls On Pi Network To Burn Tokens To Revive Pi Coin Price appeared first on CoinGape.

Binance Co-Founder CZ Predicts Bitcoin To Hit $1 Million—But Here’s What He Says?

The post Binance Co-Founder CZ Predicts Bitcoin To Hit $1 Million—But Here’s What He Says? appeared first on Coinpedia Fintech News

After weeks of struggling, Bitcoin is finally making a strong comeback and has now jumped to $85k. But that’s not the biggest news. In a recent interview, Changpeng Zhao, the co-founder and former CEO of Binance, made a jaw-dropping prediction, he believes Bitcoin will eventually hit $1 million!

Bitcoin Could Reach $1 Million

In a recent interview in Pakistan, where he was recently named the strategic advisor for the Pakistan Crypto Council, CZ opened up about the future of crypto, youth adoption, and the role governments might play in the coming years.

During an interview, when asked if Bitcoin could realistically hit $1 million, CZ didn’t hesitate. “Yes, I believe it will happen,” he said. However, he also made it clear that this kind of growth takes time.

He explained that many people want success to happen instantly, but the crypto market is still young. Big things, he said, often take years to grow. “We’re still in the early stages. Good things don’t happen overnight.”

Countries Will Race to Buy Bitcoin

Further into the interview, CZ also predicted a future where countries compete to stock up on Bitcoin. Since the U.S. has already treated Bitcoin as a reserve asset, other countries might follow soon. 

He believes that the richest countries will be the first to invest in large amounts of Bitcoin. That move could send Bitcoin’s price soaring, leaving slower adopters struggling to catch up.

Other Experts Predict The Same

CZ isn’t the only one who sees a bright future for Bitcoin. Jack Dorsey, co-founder of Block and former CEO of Twitter, thinks Bitcoin’s market value could cross $20 trillion by 2030. That would push the price to at least $1 million.

Samson Mow, CEO of JAN3, believes Bitcoin might hit that number by 2025, though many think that timeline is a bit too hopeful. 

Meanwhile, Cathie Wood of Ark Invest predicts Bitcoin could even reach $1.5 million by the end of this decade.

The post Binance Co-Founder CZ Predicts Bitcoin To Hit $1 Million—But Here’s What He Says? appeared first on Coinpedia Fintech News
After weeks of struggling, Bitcoin is finally making a strong comeback and has now jumped to $85k. But that’s not the biggest news. In a recent interview, Changpeng Zhao, the co-founder and former CEO of Binance, made a jaw-dropping prediction, he believes Bitcoin will eventually hit $1 million! Bitcoin Could Reach $1 Million In a …

Cardano (ADA) Might Struggle to Retain $1 Amid US Reserve Debate

Cardano (ADA) is down more than 6% on Thursday but remains up nearly 40% over the past seven days. After surging to $1.15 following its inclusion in the US crypto strategic reserve, ADA has struggled to stay above $1 in recent days.

Some users are now questioning its inclusion in the reserve, raising concerns about its price. With whale accumulation slowing and resistance at $1 proving difficult to break, ADA’s next move will depend on whether bullish momentum can return or if selling pressure pushes it lower.

ADA ADX Shows The Uptrend Is Still Strong, But It’s Not As Strong As Before

Cardano has an ADX of 32.5, down from 43.7 three days ago, following a price surge driven by ADA’s inclusion in the US crypto strategic reserve.

Despite the decline in ADX, it remains above the 25 threshold, indicating that the ongoing uptrend still has strength, though momentum has slightly weakened.

ADA ADX.
ADA ADX. Source: TradingView.

The Average Directional Index (ADX) measures trend strength on a scale from 0 to 100, with readings above 25 signaling a strong trend and values below 20 suggesting weak or nonexistent momentum.

With ADA in an uptrend and ADX at 32.5, the trend remains intact but may not be as strong as it was three days ago.

If ADX continues to decline, the trend could lose momentum, leading to a potential slowdown or consolidation. However, if ADX stabilizes or rises again, ADA could maintain its upward trajectory and push toward new resistance levels.

Cardano Whales Are Not Accumulating

The number of Cardano whales – addresses holding between 1 million and 10 million ADA – has declined slightly in the past few days after a strong increase between March 1 and March 4, when it rose from 2,442 to 2,471.

The count now stands at 2,463, indicating that some large holders have reduced their positions following the recent surge. This may have been influenced by the crypto community questioning the inclusion of ADA and XRP in the US crypto strategic reserve.

Addresses Holding Between 1 Million and 10 Million ADA.
Addresses Holding Between 1 Million and 10 Million ADA. Source: Santiment.

Tracking these whales is important because large holders can influence market liquidity, volatility, and price trends. A rising number of whales often signals accumulation, which can drive prices higher, while a decline suggests potential profit-taking or reduced confidence.

With the current whale count slightly below its recent surge, ADA’s recent uptrend could slow if more large holders begin selling. However, if accumulation resumes, it could support continued price gains.

Will Cardano Test $1 Soon?

Cardano’s EMA lines indicate a bullish trend, with short-term EMAs positioned above long-term ones.

However, despite this positive setup, Cardano price has struggled to break above $1 in recent days after a sharp correction following its 71% surge on March 2. This suggests that while momentum remains intact, resistance at $1 is proving difficult to overcome.

ADA Price Analysis.
ADA Price Analysis. Source: TradingView.

If the current uptrend reverses into a downtrend, ADA could test support at $0.818, with a break below that level potentially leading to $0.75. A stronger selloff could push the price as low as $0.63 or even $0.58.

On the other hand, if ADA regains momentum, it could test $1 again, and a breakout above this key resistance could send the price toward $1.17, a level it nearly reached during the March 2 surge.

The post Cardano (ADA) Might Struggle to Retain $1 Amid US Reserve Debate appeared first on BeInCrypto.