According to David Tso (@davidtsocy) and highlighted by Jesse Pollak (@jessepollak), recent onchain developments have included a rise in Layer 2 adoption, the deployment of innovative DeFi protocols, and increased NFT trading volumes. These advancements have led to higher transaction throughput and reduced fees on major blockchains, directly impacting crypto trading strategies by enabling faster settlements and improved liquidity (source: Twitter, May 20, 2025). Traders are leveraging these changes to optimize arbitrage and yield farming, with notable growth in cross-chain interoperability also supporting new market opportunities.

According to Nick Tomaino (@NTmoney), Base has burned more than $20 million in ETH on the Ethereum mainnet over the past 8 months. This significant ETH burn signals increased network activity and demand for block space, which can lead to reduced circulating supply of Ethereum and potentially influence ETH price volatility. For crypto traders, tracking these large-scale burns is crucial as it may impact Ethereum’s deflationary pressure and enhance trading opportunities, especially as Layer 2 adoption accelerates (Source: Twitter/@NTmoney, May 16, 2025).

According to Crypto Rover, Ethereum ($ETH) is currently considered significantly undervalued based on market sentiment and comparative on-chain metrics (source: Crypto Rover, Twitter, May 8, 2025). For traders, this presents a potential accumulation opportunity, as on-chain data indicates increased wallet activity and a steady rise in ETH locked in DeFi protocols, suggesting strong underlying demand (source: Glassnode, May 2025). The continued growth of ETH 2.0 staking and Layer 2 adoption further supports a bullish outlook for Ethereum, which may lead to upward price momentum if these trends persist (source: Dune Analytics, May 2025). Traders should monitor support levels around $2,900 and resistance at $3,300, as breaking these levels could trigger significant volatility in the broader crypto market.

According to @CryptoCred, while altcoins like BNB, SOL, and XRP have reached new highs, Ethereum (ETH) has underperformed in the current cycle. However, @CryptoCred cites on-chain data from Glassnode and recent institutional flows reported by CoinShares to suggest that ETH is accumulating at key support levels. The upcoming Ethereum upgrades, including Proto-Danksharding and continued Layer 2 adoption, are expected to improve network efficiency and reduce gas fees, potentially driving renewed investor interest in 2025. Traders should monitor ETH/BTC ratios and ETH open interest on major exchanges as leading indicators for a possible breakout, as outlined by @CryptoCred.