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▲ Ethereum (ETH)/Gemini generated image
Vitalik Buterin has unveiled a blueprint for the largest Ethereum (ETH) overhaul since the Merge. With a long-term roadmap revealed to redesign most of the core protocols over the next 3-4 years, the breakthrough of the $1,800 resistance has emerged as a turning point for price direction.
According to cryptocurrency media outlet Coingape on July 6 (local time), Ethereum co-founder Vitalik Buterin presented "Lean Ethereum" as the network's next significant phase. Buterin explained that it is not a single upgrade but a plan to continuously revamp the protocol over several years. If the Merge changed Ethereum's consensus mechanism in 2022, Lean Ethereum aims to replace almost all major protocol components.
The overhaul goals are focused on enhancing speed and privacy features and addressing future quantum threats. It also includes improving the network without disrupting the operation of existing wallets, exchanges, decentralized finance (DeFi) applications, and Layer 2 networks. The roadmap, based on discussions by Ethereum researchers in Berlin at the end of June and a draft released earlier this year, proposes multiple upgrades until 2029.
In price forecasts, the recovery of the February 2026 low was identified as a key condition for a short-term uptrend. Cryptocurrency analyst Ted stated, "Ethereum has recovered its February 2026 low," adding, "It needs to maintain above this price level for an additional 8-10% gain." Chart resistance levels are approximately $1,800 and $1,873, and a breakthrough could shift attention to the $2,000 range. Conversely, if the recovered low is not maintained, the demand zone around $1,555 is suggested as the next observation target.
Technical indicators showed a slowdown in the recent rebound's strength. The Relative Strength Index (RSI) maintained positive momentum at 66, but buying power weakened, and the Moving Average Convergence Divergence (MACD) histogram turned negative. Coingape analyzed that a clear breakthrough of $1,800 is necessary to regain a strong uptrend. The nearest support level is $1,700.
In the derivatives market, a decrease in trading volume and an increase in open interest were observed simultaneously. Ethereum derivatives trading volume decreased by 0.99% to $27.23 billion, while open interest increased by 0.5% to $24.53 billion. Options trading volume surged by 8.94% to $486.14 million, and options open interest increased by 1.12% to $4.09 billion.
[Article Key Summary]
-Vitalik Buterin presented the Lean Ethereum roadmap, which overhauls most of Ethereum's core protocols over the next 3-4 years.
-If Ethereum breaks through the $1,800 and $1,873 resistance levels, the $2,000 range is suggested as the next price of interest.
-Derivatives open interest increased by 0.5% to $24.53 billion, and options trading volume increased by 8.94% to $486.14 million.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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