Dankrad Feist, a researcher from Ethereum, has unveiled a four-year plan to increase the blockchain’s gas limit by 100x. This ambitious move could potentially raise Ethereum’s transactions per second (TPS) to 2,000, significantly improving the blockchain’s scalability and performance. The plan aims to enhance Ethereum’s efficiency, paving the way for a more robust and faster network to handle growing demand in the crypto space.
Ethereum price surges past $2,000 as Trump’s trade deal and Pectra upgrade ignite bullish momentum across the crypto and global markets.
Ethereum Price Surges Past $2,000 on Trump-Driven Market Optimism
Ethereum price surged above $2,000 on Thursday to hit a 120-day peak, boosted by multiple bullish macro pointers. ETH now trades around $2,000 with a 10% daily gain, outpacing Bitcoin’s 3% rally which saw gains capped just below the $101,000 level at press time.
Ethereum Price action, May 8, 2025 | Coingecko
This divergence in ETH price and BTC performance can be attributed to unique internal dynamics within the Ethereum network updates and Trump’s trade deals igniting optimism across global financial marketrs.
Why is Ethereum Price Outperforming Bitcoin Today?
Ethereum has outperformed Bitcoin in the last 24 hours due to a convergence of two powerful tailwinds.
On the macro front, Trump announced a landmark trade deal with the UK, boosting global market confidence. He also signaled more trade agreements are underway, while authorities in China also confirmed talks with the Trump administration over ongoing tarrifs.
Simultaneously, the Ethereum network underwent its long-awaited Pectra upgrade, leading to a rare situation where centralized exchanges such as Coinbase and Binance paused ETH withdrawals. This temporary freeze limited retail sell pressure precisely when bullish momentum returned to the market, creating a supply squeeze that pushed ETH ahead of Bitcoin.
The Pectra upgrade success, last week, Vitalik Buterin introduced a comprehensive roadmap aimed at fixing Ethereum’s key limitations within five years. This followed internal leadership changes at the Ethereum Foundation, signaling a renewed push for institutional-grade scalability and decentralization.
The timing of these developments, Pectra’s implementation, bullish macro news, and internal network confidence, has created a unique alignment propelled Ethereum price gains over Bitcoin during the market rally on Thursday.
Ethereum Tokens to Watch as Traders Bet $1.8 Billion on Trump’s Trade Deal and Ethereum Upgrades
Coingecko’s data shows that Ethereum ecosystem tokens attracted over $1.8 billion in trading volume over the last 24 hours, withe aggregate market cap approaching the $55 billion mark.
The standout performers are:
PEPE surged 17.0% to $0.00006, propelled by memecoin momentum and a resurgence in whale accumulation patterns.
Virtuals Protocol (VIRTUAL) advanced 21.0% to $1.62, buoyed by speculative inflows targeting emerging DeFi infrastructure projects.
Chainlink (LINK) climbed 9.4% toward the $15 mark, supported by rising cross-chain transactions, demand for tokenized assets and increased investor attention due to its association with Trump-backed Word Liberty Financial (WLFI).
AAVE rallied 10.6% to break above $187, signaling revived institutional appetite for Ethereum-based lending and borrowing protocols.
Beyond market catalysts, US domestic policy took a favorable turn for crypto. In the last 24 hours, Arizona, Oregon, and New Hampshire passed state-level cryptocurrency investment bills, offering legal clarity for retail and institutional investors.
Ethereum price forecast today: What’s Next after $2,000 breakout?
Ethereum price breakout above the psychologically significant $2,000 mark on Thursday signals a decisive shift in market momentum.
The 14.49% daily gain combined with risk volume confirms strong bullish participation, with the candlestick clearly breaching the upper Bollinger Band—a sign of heightened volatility and aggressive buyer control. This move decisively pulls ETH out of its prior consolidation range, where price had been coiling between $1,800 and $1,900 for nearly three weeks.
Ethereum price forecast today
Importantly, the Relative Strength Index (RSI) has surged to 73.07, placing Ethereum in technically overbought territory. However, overbought RSI levels during early-stage breakouts often validate strength rather than suggest immediate reversal, particularly when supported by strong volume and fundamental catalysts as obsereved in the past week.
The middle Bollinger Band (near $1,786) now serves as a dynamic support, reinforcing the breakout’s structural integrity.
A weekly close above this level may open the path toward $2,250. On the flip side, any pullback below $1,900 would suggest a failed breakout and invite profit-taking pressure.
Solana price may be poised for a parabolic rally after Wall Street giant VanEck hailed a new proposal to reduce the annual SOL inflation rate to 1.5%. This proposal will commence voting on March 6, 2025, and if implemented, it could reduce Solana’s supply significantly and drive price growth. As the Solana community votes on the proposal, will it ignite a parabolic rally for SOL to a new ATH?
VanEck Says New Inflation Proposal Will Boost Solana Price Value
Solana price has been under bearish pressure due to FTX unlocks. However, VanEck believes that a new proposal could shift the market sentiment, In its recent monthly report, VanEck hailed the SIMD 0228 proposal whose vote is scheduled today. It noted that the proposal was the “most impactful” to Solana price as it would reduce the annual inflation rate from 4.7% to 1.5%. Per the asset manager,
“We believe lowering inflation is a worthy goal that strengthens Solana’s long-term sustainability. Maintaining a predictable and low inflation rate can support SOL’s value by reducing dilution and sell pressure.”
The head of digital assets research at VanEck, Matthew Sigel, had also supported the proposal, saying it could stabilize and strengthen Solana’s position in the crypto industry.
VanEck Head of Digital Assets Research
Despite the optimism, the upcoming upgrade has also received opposition. According to one member of the Solana community, this proposal would reduce the amount of Solana being staked and compromise network security.
Solana Technical Analysis – Is a New ATH in Sight?
If the Solana SIMD 0228 proposal passes the community vote, it could stir a parabolic rally for Solana price. At press time, SOL trades at $146 after a 3.3% rise in 24 hours.
According to analyst Crypto Rand, Solana price was forming a bull reversal on its daily chart. The altcoin was attempting to break from a descending trendline to confirm this reversal. Looking at past trends, a decisive breakout from this trendline has often preceded a parabolic price rally. This could set the stage for a surge to an all-time high.
SOL/USDT: 3-day Chart
Another analyst CryptoCurb has an even more bullish Solana price prediction. In his analysis, he noted that Solana had entered had entered a demand zone where buying pressure has previously been strong. If Solana were to bounce from this zone, it could make a massive rally towards $1,000.
SOL/USD: 2-Week Chart
Solana price is struggling to bounce past $150. However, the proposal to reduce inflation could bode well for SOL in the long term. If the proposal passes, it could also spike short-term volatility as traders anticipate the effects that it will have on the price.
Dogecoin price is poised for a potential breakout after forming a rare diamond bottom pattern on the daily chart. According to technical analyst Trader Tardigrade, the DOGE price structure shows a bullish reversal setup that could send the DOGE price over 105% higher to $0.35.
This bullish forecast comes despite Dogecoin price falling 1.5% in the last day and 3% in the last week. However, in the last 30 days, bulls have had the upper hand with DOGE price soaring 15%.
Dogecoin Price Diamond Bottom Pattern Hints at Rally
Trader Tardigrade has identified a diamond bottom pattern on the daily DOGE/USD chart. This pattern typically signals a bullish reversal when it forms after a sustained downtrend. According to the chart, the breakout level is around $0.165–$0.17.
This projection places the DOGE price target between $0.255 and $0.35. The chart also shows a dotted green arrow pointing toward the $0.35 level, suggesting a more optimistic scenario for a breakout extension.
Ali Charts, another crypto analyst, noted that Dogecoin price is testing support at $0.167. He stated, “Holding this level could spark a rebound toward $0.175 and potentially $0.183.” Both analysts agree that maintaining the $0.165–$0.167 zone is critical for bullish momentum to continue.
The Price Momentum Oscillator (PMO) also confirms a bullish crossover, which may support further gains if buying volume increases. These indicators support the case for a possible rally if current support holds.
DOGE ETF Approval May Accelerate Dogecoin Price
DOGE ETF speculation is rising in the market as several asset managers have applied for approval. These include Bitwise, 21Shares, Grayscale, and REX Shares. They are awaiting clearance from the U.S. Securities and Exchange Commission (SEC) to launch Dogecoin ETFs. According to Polymarket, DOGE ETF approval odds have risen by 25%, with analysts giving a 63% chance that it may be approved by the end of 2025.
According to a CoinGape report, if Dogecoin receives 30% to 50% of Bitcoin ETF inflows, the price could rise to between $0.34 and $0.50. This scenario is based on an estimated $12 to $20 billion entering DOGE markets. The forecast also projects that DOGE’s total market capitalization could more than double under this model.
ETF approval, in the same vein, would likely pull more institutional investors to its side hence increasing the demand even further. This potential flow of capital corresponds to the $0.35 level depicted in the technical indication. According to analysts, the approval news can be considered as a potential trigger for the price rally and take DOGE past the $0.255 barrier.
Holding Behavior Shows Investor Confidence
New data from IntoTheBlock suggests that investor sentiment for Dogecoin is improving. The average holding time of transacted DOGE coins has increased by over 526% in the last 90 days. This behavior is similar to the trend seen before Dogecoin’s 2021 bull run.
Source: IntoTheBlock
In just the past seven days, holding time has risen by four months. This shift from short-term speculation to long-term holding reduces sell pressure. It also suggests that investors expect the DOGE price to rise soon. If this trend continues, it could support a more stable base for further growth.
Long-term holders now dominate the transaction volume, which often happens before strong upward price moves. Reduced market supply, combined with growing demand, is a positive signal.
