Based on Insidebitcoins, the Ethereum price has increased 2% in the last 24 hours to $3,543, with daily trading volume rising 18.93% to $39.53 billion. Vitalik Buterin and other Ethereum leaders released the 'Trustless Manifesto,' urging developers to prioritize decentralization as the network grows. The manifesto, published onchain, emphasizes that trustlessness is central to Ethereum's identity and warns against compromising core values for convenience or user growth. The Ethereum community has responded positively, especially after recent AWS outages highlighted the risks of centralized infrastructure. On-chain data shows record highs in daily transactions, active wallets, and smart contract calls, driven by DeFi, NFTs, and layer 2 adoption. ETH holders are accumulating, with large holders not selling and more transfers to private wallets and staking contracts. Technical analysis suggests ETH is above the 200-day SMA at $3,449 and faces resistance at the 50-day SMA of $3,950. A breakout above this level could push the price toward $4,100–$4,240.
Ethereum Price Rises Amid Vitalik Buterin's Call for Decentralization in 'Trustless Manifesto'
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