Ion Jauregui – Analyst at ActivTrades
Ethereum has taken an important step in its evolution: privacy. The Ethereum Foundation has relaunched its team under the name Privacy Stewards of Ethereum (PSE) and presented a roadmap aimed at incorporating confidentiality tools into the ecosystem.
Sam Richards, one of the project’s key figures, summed it up bluntly: “without privacy, Ethereum (ETH) is not freedom, it is global surveillance.” A statement that underscores the importance of this initiative.
The strategy is structured around three pillars:
Among the notable developments is PlasmaFold, a Layer 2 solution focused on private transfers, with a prototype expected this November at Devconnect in Argentina. In addition, the team is preparing a report on private voting in 2025 and is working on confidential DeFi applications targeted at institutional clients.
Technical Analysis of ETHUSD
The ETHUSD pair has entered a consolidation phase after recent bullish moves. It is currently trading near recent highs at $4,530.60, moving within a lateral channel defined by key support at $4,447.96 and resistance at the $4,954.17 highs, a level previously tested in 2021.
The current price holds above the 50-day moving average, with the first support level aligned with the 100-day moving average. A third support can be found at the 200-day moving average near $3,506.70. The current Point of Control (POC) sits far below, at the origin of the previous bullish impulse around $1,600.
The RSI is at 55.39, placing it in neutral territory following a series of bearish moves in mid-August. Meanwhile, the MACD remains in a lateral structure, with its histogram slightly positive — supporting the idea of price concentration. According to the ActivTrades Crypto Fear & Greed Index, sentiment stands at 61.65 (greed), reflecting lingering optimism in the market and sustained altcoin dominance.
A breakout above the immediate resistance could lead to new highs toward $5,100. However, failure to hold this breakout may result in a loss of the 50-day moving average support, a retest of lower supports, and potentially a decline toward the $2,800 area.
In conclusion, as long as ETHUSD holds above current support, the technical bias remains positive. Yet, breaking above the recent highs will be crucial to confirm a new bullish leg. With this approach, Ethereum strengthens its position not only as a smart contracts network but also as an ecosystem seeking to balance transparency and privacy — two key elements for mass adoption.
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