HomeNewsBuenos Aires Activates Ethereum Staging Ground with New Developer Hub for Devconnect...

Buenos Aires Activates Ethereum Staging Ground with New Developer Hub for Devconnect Preparation

- Advertisement -
  • ETH House provides daily infrastructure for local builders preparing for Ethereum’s Devconnect in Buenos Aires this November 2025.
  • Developers gain physical space to collaborate, code, and exchange technical knowledge through talks, workshops, and informal peer programming sessions.

Ethereum Argentina has opened ETH House in Buenos Aires, a new hub dedicated to daily work and meetups for anyone building on the Ethereum network. The space offers desks, private booths and event areas where developers and enthusiasts can code, share feedback and attend workshops.

Moreover, ETH House will serve as the local staging ground for Devconnect, the international Ethereum conference set for November 17–22, 2025. During the week-long event, participants from around the world will gather for hackathons, technical talks and protocol deep dives. Organizers hope the Buenos Aires location will sharpen local teams’ skills and foster stronger ties with global builders.

The venue also reflects Argentine culture. Hosts plan regular mate breaks and friendly games of truco alongside coding sprints. In this way, ETH House becomes more than a coworking spot—it acts as a living lab where tech and tradition meet.

Argentina ranks among the top countries for crypto adoption, and ETH House builds on that momentum. In July 2024, the space welcomed Charles Hoskinson, Ethereum co-creator and Cardano founder, who met government officials ahead of Cardano’s constitutional convention. Now, as ETH House readies locals for Devconnect, Argentina may further cement its role as a regional leader in blockchain.

ETHUSDT_2025-06-22_11-42-03
Source: ETH/Tradingview

Ethereum (ETH) is trading at $2,200.49, reflecting a sharp -9.18% drop over the past 24 hours and a -13.40% decline over the past 7 days, according to CoinGecko. This correction places Ethereum significantly below its local highs above $2,800 recorded earlier this quarter.

Its market capitalization is $265.96 billion, with a 24-hour trading volume exceeding $24.1 billion, indicating high trading activity amid elevated volatility. ETH is currently down more than 55% from its all-time high of $4,878.26, and yet still up over 503,000% from its historical low, highlighting its long-term performance.

The price collapse appears tied to broader market weakness, as Bitcoin briefly plunged below $100,000, triggering fear across major altcoins, including ETH and XRP. Furthermore, Ethereum futures markets have shown significant sell pressure, likely caused by institutional hedging amid geopolitical tensions.

ETH Total Liquidations Chart
Source: ETH/Tradingview

ETHNews reports suggest a spike in ETH short positions across major derivatives platforms, contributing to increased downward volatility.

Despite the market correction, Ethereum remains fundamentally sound. It continues to serve as the backbone of decentralized applications, smart contracts, and Layer 2 ecosystems.

The protocol recently saw a surge in transaction volume on its rollup-centric L2 chains, like Arbitrum and zkSync, which help offload traffic from the mainnet. Staking metrics remain strong, with over 35 million ETH locked, supporting a supply-constrained structure even in periods of high volatility.

Technically, Ethereum has broken below major moving averages, including the 50-day and 200-day, and is now testing multi-month support around $2,180–$2,200.

ETHUSDT_2025-06-22_11-50-43
Source: ETH/Tradingview

If this zone fails, price may revisit the psychological level of $2,000, and in deeper retracements, $1,800. Bullish reversal confirmation would require a recovery above $2,400–$2,500, along with an uptick in on-chain activity and open interest on the buy side.

Disclaimer: ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
RELATED ARTICLES

LATEST ARTICLES