Ethereum’s Wild Ride: From Crying Wallets to 40,000 ETH Handshakes

by

So, here’s a plot twist worthy of a daytime soap opera: Ethereum ETFs, fresh off eight consecutive weeks of investors sprinting for the exits, finally decided to stick around and throw a modest little party with about 40,000 ETH waltzing back in. Glassnode, the all-knowing oracle of on-chain analytics, is calling it “sentiment shift,” but honestly, it feels more like Ethereum just remembered it has that one friend who always drops by unexpectedly.

After months where these funds looked more deserted than a sidewalk on a snow day, this tiny inflow looks like a faint signal that maybe—just maybe—institutions are dusting off their wallets and thinking, “Hey, what if this crypto thing isn’t doomed?” The larger crypto market seems to have pulled itself off the floor, and ETH’s standing there brushing dirt off its shoes.

Meanwhile, US #Ethereum ETFs recorded their first positive net inflow after eight consecutive weeks of outflows.

The inflow was relatively modest – approximately 40,000 $ETH – but marks a potential shift in sentiment around #ETH exposure.

— glassnode (@glassnode) April 28, 2025

In other cheerful market news, CoinShares says the crypto world saw a $3.4 billion inflow last week—which sounds like a lot until you realize Bitcoin is hogging $3.18 billion of that cash like a jealous sibling, leaving Ethereum to grab a modest $183 million. Poor ETH, it’s the little sibling trying to sneak some candy when BTC’s got all the Halloween loot.

At press time, ETH decided to do its usual emotional rollercoaster thing, dropping 0.84% in the last 24 hours to a humble $1,783, after teasing high rollers at $1,857 on Sunday. It’s like ETH is that unpredictable friend who always promises to show up on time and then rolls in fashionably late… or just leaves you hanging.

Crypto analyst and Capriole Funds founder Charles Edwards notes that Ethereum’s on-chain capitulation was as dramatic as a 2022 sequel nobody asked for, but the Macro Index is at last trending upward. So, somewhere buried in these numbers is hope that Ethereum’s bigger comeback story might just be starting.

Ethereum researcher proposes a 100-fold “exponential” gas limit—and no, this is not a sci-fi movie plot

Enter Dankrad Feist, Ethereum researcher and bearer of ambitious ideas. He’s pitched a wild proposal—EIP 9698—which would crank Ethereum’s gas limit up by 100x over the next four years. Think of it as the blockchain equivalent of putting rocket boosters on your old sedan, with a carefully calibrated, predictable gas limit escalation. Because if we’ve learned anything, it’s that predictable chaos is the new stability.

This upgrade isn’t just some pie-in-the-sky dream; it maintains backward compatibility and even promises to make gas-limit adjustments smoother and more transparent. Translation: your transactions might actually feel less like a rollercoaster and more like a mildly bumpy bus ride.

And mark your calendars, crypto fans: Ethereum’s upcoming network upgrade, Pectra, will launch on May 7 at epoch 364,032. Pectra brings EIP-7702, some spruced-up validator UX, and doubles the blob count—because why not? Ethereum keeps proving it’s more ambitious than a kid with a drum set at 3 AM.

Read More

2025-04-28 18:34