• Ethereum Sees Short-Term Gains, Long-Term Outlook Remains Cautious
• Technical Analysis Suggests a Temporary Relief Rally, Not a Reversal
• Buterin’s Bold RISC-V Proposal Could Redefine ETH Architecture

Ethereum (ETH) is currently  trading at $1,643.48 presently, a rise of 3.26% in the last 24 hours. The trading volume has risen dramatically, jumping by a staggering 51.45% to $11.19 billion, indicating a resurged interest from investors. Although the intraday growth is positive, Ethereum’s change over the last seven days is a mere 0.53%.

ETH suddenly blew into a resistance barrier at $1,635 after a protracted period of consolidation. Although the advance shows strength on lesser time frames, wider trends persist indicating a negative undertone overall. The overbought signals on both the 15-minute as well as the hourly chart are confirmed by the Relative Strength Index (RSI), while exhaustion is evident on the MACD as well. Analysts are calling for caution, indicating that this advancement is more a relief bounce than the beginning of a sustained rally.

Scalpers are monitoring two possible setups: a short at existing resistance or a long on a confirmed breakout to $1,680. Important supports to watch are $1,600 and $1,530.

Market analysts at Changelly have put out a conservative forecast for Ethereum’s price action through to the year 2025. Based on data-driven considerations, ETH should average $2,993.84 next year, with a maximum of $2,430.91 and a minimum of $1,867.98. For April 2025, projections are even more reserved, with only a range between $1,600.28 and $1,979.26 expected.

These forecasts foresee a possible ROI of -38.1% to -49.6% based on entry point. The experts advise that Ethereum fundamentals are sound at their core, yet short- to mid-term upside potential is being dampened by broader macroeconomic trends as well as by market trends.

In a major development for Ethereum’s next architecture, co-founder Vitalik Buterin has proposed a sweeping new idea to substitute the Ethereum Virtual Machine (EVM) with RISC-V, a royalty-free, open-source instruction set architecture. Posting his ideas on the Ethereum Magicians forum, Buterin explained that the shift has the potential to cut on-chain execution costs by as much as 100 times for certain use cases.

This drastic change is framed within Ethereum’s broader long-term plan to increase both scalability and modularity. Most importantly, Buterin stressed backward compatibility, meaning already deployed smart contracts using EVM should continue to function through binary support as well as interpreters. The RISC-V architecture is not entirely new to blockchain; similar implementations were considered by other chains, including Polkadot’s PolkaVM back in 2023.

If implemented, the plan has the potential to initiate a new epoch for ETH, aligning its infrastructure with open computing standards and setting the stage for wider usage and efficiency.