At the time of writing, ether (Eth) traded at $ 3,012, an increase of 8.22% in the last 24-hour period, according to Coindesk Research’s technical analysis model. The wider crypto market as the target of the Coindesk 20 index rose 6.39% in the same period.
In a recently released research document entitled “Blockchains as new economies”, the world’s third largest asset manager explained how “ether can serve as an exchange medium and value.”
In a blog post published on Thursday, the Etheruem Foundation announced plans to integrate zero-knowledge (Zk) Evidence throughout the Ethereum stack, starting with a layer of 1 zwm. Originally, validators will be able to select clients that verify multiple offchain execution certificate from different ZKVMs instead of re-developing blocks. This setup utilizes Ethereum’s existing client diversity model for extra security, with minimal protocol changes needed to support pipe -leading execution in the upcoming Glamsterdam upgrade.
Although the adoption of ZK clients will start small, it is expected to grow when confidence builds. When a majority of the validators are secure of ZK evidence, Ethereum can increase the gas limit and switch to evidence verification by default.
To activate this shift, the Foundation defines the “Real Time Certificate” standards for ZKVM developers. These include 10-second latency for 99% of blocks, open source code, at least 128-bit security, under-300kib-proof without trusted setups and hardware limits of $ 100K in costs and 10 kW in Power Use, make it possible to prove that there is proof of home.
Although it is already affordable to prove in the cloud, the emphasis on optimizing decentralized, home setups is. The fund is constantly expecting innovation to these goals in front of DevConnect Argentina, with ZKVMs ready to become critical infrastructure for the future of Ethereum.
Finally, yesterday Lockchain Analytics platform Glassnode noticed a rare occurrence in the derivatus market: Ether’s 24-hour futures-trading volume card it was surpassed by Bitcoin. According to the company, Eth Futures noted $ 62.1 billion in the daily volume that angled Bitcoin’s $ 61.7 billion.
Technical analysis highlights
- ETH exhibited extraordinary bullish momentum over the last 24 hours from July 10 09:00 to 11 July 08:00, rocket from $ 2,788.96 to $ 2,976.10, delivering a gain of 7.10% with a total range of $ 266.73.
- The most explosive price action was materialized at
- Critical resistance emerged up to $ 3,027.83 over 05:00 hours with an increased volume of 529,411 units, while the asset maintained consolidation over $ 2,950.00 throughout the other half of the period.
- Robust high -volume support formed around $ 2,818.00, which indicates continued institutional accumulation and potential for further upward momentum.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with Our standards. For more information, see Coindesk’s full AI policy.
