Ethereum broke below the key $4,500 level
Market Overview
Altcoins appear poised for a significant breakout as market dominance gradually shifts away from Bitcoin. The Altseason Index continues to rise, signaling that a broader altcoin rally may be approaching once again.
Ethereum Market Update
Ethereum (ETH) has declined by 3.6% in the past 24 hours, breaking below the key $4,500 level. Despite this drop, current metrics suggest the move is part of a healthy market correction rather than a structural breakdown.
The correction has triggered notable withdrawals from staking pools, reflecting temporary uncertainty among holders seeking to realize profits.
Technically, ETH has tested local support at $4,330 and is showing early signs of stabilization. The RSI is near oversold territory, suggesting that selling pressure may be easing. If the price holds above this support, a potential rebound toward the $4,500-$4,760 resistance zone could follow. However, a close below $4,330 might expose ETH to deeper retracements.
Development & Ecosystem News
Ethereum co-founder Vitalik Buterin has voiced support for Kohaku’s zk-based privacy roadmap, calling it a positive step toward strengthening privacy and security across the Ethereum ecosystem.
In a post on X, Buterin emphasized that achieving full-stack privacy and data protection remains one of Ethereum’s core objectives.
Kohaku — a fork of Ambire — integrates zk-based protocols such as Railgun, designed to reduce on-chain transparency risks and encourage privacy-first wallet development. A working prototype of Kohaku will be showcased at the upcoming Ethereum Foundation Devcon, and its open-source codebase will be available for developers worldwide to build upon.
