Ethereum
Why Ethereum is up 1.1% in the last hour
Analysis
Ethereum (ETH) ticked up about 1.1% over the past hour as traders reacted to ecosystem headlines around Coinbase’s Ethereum L2, Base—specifically reports that Base may move away from Optimism’s stack while a potential token narrative looms, which can lift near-term sentiment around Ethereum activity and scaling demand. Offsetting this, filings showing Peter Thiel and Founders Fund exiting Ethereum treasury firm ETHZilla added a more cautious institutional signal, but it didn’t prevent ETH from edging higher in the hour.
Contributing Factors (3)
Coinbase-Backed Ethereum Network Base to Dump Optimism Tech as Potential Token Looms
Ethereum layer-2 network Base is leaving behind the Optimism technology stack as it seeks faster upgrades and reduced overhead.
Peter Thiel and Founders Fund exit Ethereum treasury firm ETHZilla, SEC filing shows
Peter Thiel fully exits ETHZilla, filing shows, as shares slide and the firm shifts from ether buildup to tokenization.
Peter Thiel Quietly Exits Ethereum Treasury Firm ETHZilla – Warning Sign for the DAT Model?
Founders Fund Exits Ethereum Treasury Firm ETHZilla, SEC Shows The post Peter Thiel Quietly Exits Ethereum Treasury Firm ETHZilla – Warning Sign for the DAT Model? appeared first on Cryptonews.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.