At the time of writing, Ether (Eth) It was quoted at $ 3,012, 8.22% more in the last 24 -hour period, according to the technical analysis model of Coindesk Research. The largest cryptographic market, as evaluated by the Coindesk 20 index It rose 6.39% during the same period.
In a recently launched research work entitled “Blockchains as emerging economies”, the third largest asset manager in the world explained how “Ether can serve as a means of exchange and a value store.”
In addition, in a blog post published Thursday, the Etheruem Foundation announced plans to integrate zero knowledge (ZK) Tests throughout the Ethereum battery, starting with a 1 ZKEVM layer. Initially, the validators can choose customers who verify multiple execution tests outside the chain of different ZKVM, instead of re-executing blocks. This configuration takes advantage of the existing client diversity model of Ethereum for greater security, with the minimum protocol changes necessary to admit the execution channeled in the next glamsterdam update.
Although the adoption of ZK customers will begin by little, it is expected to grow as trust is built. When most validators trust ZK tests, Ethereum can increase the gas limit and change to test verification as default.
To enable this change, the Foundation is defining the standards of “real real test” for ZKVM developers. These include a latency of 10 seconds for 99% of the blocks, the open source code, the minimum security of 128 bits, the tests of less 300 kib without reliable configurations and hardware limits of $ 100K in cost and 10kw in energy use, which makes the home probable.
While demonstrating in the cloud is already affordable, the emphasis is on optimizing decentralized configurations in the home. The Foundation awaits a continuous innovation towards these objectives ahead of Devconnect Argentina, with ZKVMS prepared to become a critical infrastructure for the future of Ethereum.
Finally, yesterday, Lockchain Analytics Platform Glassnode pointed out a rare occurrence in the derivative market: the volume of negotiation of futures of the 24 hours of Ether briefly exceeded that of Bitcoin. According to the firm, ETH Futures obtained $ 62.1 billion in daily volume, exceeding $ 61.7 billion of Bitcoin.
TECHNICAL ANALYSIS
- ETH exhibited an extraordinary bullish impulse during the last 24 hours from July 10 from 09:00 to July 11 at 08:00, firing from $ 2,788.96 to $ 2,976.10, which offers a gain of 7.10% with a general range of $ 266.73.
- The most explosive price action materialized at 9:00 p.m. on July 10, where ETH was launched from $ 2,819.79 to $ 2,972.56 in an exceptional volume of 1,202,822 units, almost four times the average of 24 hours of 308,041 units.
- The critical resistance arose to $ 3,027.83 during the 05:00 hours with a high volume of 529,411 units, while the asset held consolidation above $ 2,950.00 during the second half of the period.
- The robust high volume support formed around $ 2,818.00 that indicates a continuous and potential institutional accumulation for additional upward impulse.
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