CoinWorld news: According to a tweet from Wu Blockchain, the Ethereum Foundation's ecosystem lead stated that stablecoins are not necessarily banks' enemies; they can be a cash cow. He pointed out that stablecoins currently lack a universal redemption mechanism like traveler's checks. If they were allowed to generate yield, they would be expected to compete with traditional financial products such as deposits, money market funds, and Treasury bills for idle funds, thereby achieving explosive growth.

3.15 Coin Circle Mr. Coin: Ethereum (ETH) ) Market Analysis Reference From the K-line pattern perspective, Ethereum has been in a clear oscillating downtrend since the pullback from above 2200, with each successive high declining while the lows haven't yet confirmed an upswing—a textbook descending oscillation structure. Price rebounded to 2116 and was hammered down; it's currently testing the 2070-2080 zone, which serves as support from the previous MA20. The latest 4-hour K-line closed as a small bearish candle with upper and lower wicks, with bulls and bears battling at this level. Looking at volume: the past several 4-hour candles since the decline from 2120 show significantly expanded trading volume (for example, the recent candle traded 420,000), indicating genuine selling pressure during the downtrend, not a false decline. Although earlier in the 1950-2000 zone there was volume-driven rebound with buying absorption, the overall rhythm shows volume expansion during declines and volume contraction during rebounds. This price-volume structure—veteran followers know well—signals typical bearish bias, indicating insufficient market absorption capacity with rebounds being mere fleeting moments. Operationally, our approach must be clear: in an oscillating downtrend, trade rebounds only, don't chase declines. Focus on the 2090-2110 rebound resistance zone. If a stalled rally signal appears—such as small-cap long or short candles, or bearish engulfing patterns, coupled with contracting volume—that's an opportunity to probe short. Watch 2040 support ahead; this is the previous low. If breached, likely test the 2000 level (near MA120). Follow Mr. Coin and master market momentum in real-time. 3.15 Ethereum Short-term Reference: 2095-2140 zone fluctuation, defend 2380 supplement, target below 2060, 2030-1980 zone range, stop loss 50 points, target above 2070. Messages have delays, strategy suggestions for reference only. Markets change in an instant—regardless of confidence in market analysis, always set take-profit and stop-loss levels, and lock in profits safely.#Gate2月衍生品市场份额创新高 #加密市场上涨 $BTC $GT $ETH

Despite a decline across the entire crypto ecosystem, with weekly commits dropping from approximately 870,900 in March 2023 to 217,500 in February, Ethereum and Solana remain leading in developer activity with weekly commits of 31,620 and 7,056 respectively. Over the past three months, both networks have experienced significant declines in commit counts and active developer numbers. Analysts point out that the bear market continues, and CryptoQuant's Julio Moreno predicts that if this trend persists, Ethereum's price could fall to $1,500 by the end of Q3 or early Q4.