Ethereum

Ethereum validators earned $46 million in the first week of May, a 40% increase from the previous week, as gas fees surged amid intense memecoin trading activity.

Ethereum’s bullish flag against Bitcoin signals possible upside. As the ETH/BTC cross consolidates near 0.066, a breakout above 0.07 could strengthen Ethereum’s position.

Ethereum holdings on centralized exchanges have fallen to their lowest level in six months as staking and self-custody options gain traction following the Shanghai upgrade.