Ethereum faces criticism, yet analysts foresee a breakthrough. Meanwhile, the Arbitrum DAO is embroiled in controversial treasury allocation decisions.
Ethereum: Analysts Predict a Breakthrough
Popular analyst recently highlighted Ethereum's growing potential, drawing parallels to past skepticism towards XRP, which was later followed by price increases. While Ethereum currently faces criticism, experts predict a strong comeback.
Arbitrum Treasury Disputes
Arbitrum DAO faces internal conflicts over treasury allocations. The committee decided to allocate 7,500 ETH to three projects, none of which operate on Arbitrum, causing discontent among delegates. There are plans to invest 5,000 ETH in Lido's protocol to generate wstETH tokens, for use on Aave V3. The remaining 2,500 ETH is slated for Fluid's protocol on Arbitrum.
Ethereum Price and Market Sentiment
Ethereum's price trades within a descending channel, with support near $2,700. A breakout above the $2,850 resistance could target $3,200 and $3,600. Market sentiment remains divided, but history suggests heavily criticized assets often see strong recoveries.
While Ethereum is poised for a potential breakthrough, Arbitrum faces challenges in its treasury allocations, raising questions about their strategy and support for local projects.
