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Whale grabs 16,000 ETH as Ethereum Foundation vows support for L1, RWA and stablecoins

by Market News Board
2 months ago
in Crypto, Cryptocurrency News, Ethereum
Whale grabs 16,000 ETH as Ethereum Foundation vows support for L1, RWA and stablecoins
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  • Ethereum Foundation’s Co-Executive Director Tomasz K. Stańczak highlights simplified roadmap scaling blobs and improving L1 performance.
  • Ethereum whale scoops 16,000 ETH, emphasizing growing interest in the token as the price recovers.
  • An improving technical structure supports ETH price battle to break the extended descending channel’s resistance.
  • The 50-day, 100-day and 200-day EMA could challenge Ethereum bulls’ push for short-term and mid-term recovery.

The Ethereum Foundation, through its Co-Executive Director, Tomasz K. Stańczak, outlined a simplified version of its roadmap on Sunday. The roadmap focuses on scaling blobs, enhancing the performance of the layer-1 blockchain, and improving the user experience on layer-2 interoperability and the app layer. 

Ethereum’s evolving roadmap

The largest smart contract token’s roadmap has evolved significantly since the Merge in 2022. Vitalik Buterin, the co-founder of the Ethereum protocol, and the Foundation often share the status of the main roadmap, which is structured around several phases, including the Merge, the Surge, the Scourge, the Verge, the Purge, and the Splurge. These phases are intertwined and aim to achieve a highly scalable network and efficiency while improving user experience.

Stańczak’s simplified version of the roadmap shared on Sunday breaks down major developments centered on minting assets on the layer-1 protocol, support for real-world assets (RWAs), and stablecoins. At the same time, development will improve communication and significantly increase security expectations and goal-driven research and development (R&D) within the Ethereum Foundation.

The organization is expected to focus on Artificial Intelligence (AI) or agent protocol to ensure it remains attractive to “the greatest thinkers in the long term.” Other key developments include adding autonomous machines utilizing Ethereum and human-to-human privacy in an open-source society.

yes, mostly this based on loads of convos

other things are secondary mostly (not because less important but should naturally happen as the result of the above – existing culture and values in Ethereum are massively value generating)@rudolf6_ is the roadmap czar

secondary… https://t.co/tQpeC56UME

— Tomasz K. Stańczak (@tkstanczak) April 13, 2025

The focus on minting assets on the layer-1 protocol could foster Ethereum as a go-to platform for asset issuance, targeting RWAs and stablecoins. This will likely boost demand for ETH in settling gas fees for layer-1 transactions. However, it is important to realize that this also contrasts with the main roadmap’s focus on improving layer-2 protocol scaling.

ETH price edges higher, eyes $2,000 as whales return

Ethereum price hovers at $1,680 at the time of writing on Monday, marking a 5.12% rise from the week’s open. Last week’s rebound following United States (US) President Donald Trump’s tariff pause on most countries apart from China saw Ether defend the descending channel’s lower boundary at $1,392. The spike in price can be attributed to other factors, such as whales punching the token, as indicated by Lookonchain.

A mysterious whale scooped 15,953 ETH worth approximately $26,45 million at the current market exchange rate. Lookonchain added that several addresses believed to belong to the same whale moved 15,953 ETH, depositing the token on Aave. 

While this transaction may not directly impact Ethereum’s price, it suggests an improving sentiment toward the token. Based on the technical structure, Ether is largely in bullish hands, supported by a buy signal from the Moving Average Convergence Divergence (MACD) indicator, which manifested with the MACD line (blue) crossing above the signal line (red). Moreover, the Relative Strength Index (RSI) indicator tackles the descending trendline resistance, hinting at increasing bullish momentum.

ETH/USDT daily chart

Traders may want to align with Ethereum’s potential move above $2,000. Still, they must not ignore the overhanging volatility and macroeconomic uncertainty emanating from President Trump’s tariff policy and an unresolved trade war with China. “Market volatility remains high as a trade war escalates between the two economic behemoths,” K33 Research highlighted in its weekly report.

Furthermore, the Ethereum price continues to trend lower within a descending channel, which has been forming since mid-December. Breaking free from this trend could be a major challenge, especially with the 50-day Exponential Moving Average (EMA) at $1,990, the 100-day EMA at $2,325, and the 200-day EMA at $2,609 likely to present key pain points as some traders take profits, plausibly dampening the bullish momentum.




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