- EIP-7983 proposal caps individual transactions at 16.77 million gas units to prevent network attacks and improve stability.
- Technical indicators show bullish MACD crossover at $2,560 price level, suggesting potential breakout if volume increases.
Ethereum’s development team has unveiled EIP-7983, targeting a persistent network vulnerability. The proposal establishes a hard ceiling of 16.77 million gas units for individual transactions, regardless of block size limits.
Current network architecture allows single transactions to consume nearly entire blocks. This creates bottlenecks that slow processing speeds and opens pathways for coordinated attacks on network stability.
The implementation would automatically reject blocks containing transactions above the gas threshold. Network nodes would treat these blocks as invalid, preventing their addition to the permanent ledger.
Corporate Treasuries Embrace Ethereum Strategy
BlackRock has accumulated $4.38 billion in Ethereum through its investment vehicles. This position represents nearly half of all tracked institutional exposure to the cryptocurrency.
BlackRock now holds $4.38 billion worth of $ETH
That's a 42.8% market share!The institutions are here, and they’re going big on Ethereum. 👀 pic.twitter.com/xVbxLUNIjo
— Ak47â™› (@HolaItsAk47) July 6, 2025
World Liberty Financial has concentrated 95% of its $181.7 million portfolio in Ethereum tokens. The allocation amounts to $173.3 million, demonstrating extreme confidence in the asset’s long-term prospects.
Five major corporations have built substantial Ethereum reserves totaling 240,000 tokens. At current market values, these holdings represent approximately $600 million in corporate treasury allocation.
SharpLink Gaming commands the largest corporate position with 198,167 ETH tokens. Bit Digital maintains 27,623 tokens while BTCS Inc. holds 14,600 ETH in reserve. Tom Lee’s BitMine has announced plans to acquire $250 million worth of ETH, potentially doubling current corporate exposure levels.
Ethereum (ETH) is trading at $2,608.96 USDT, reflecting a +2.89% increase over the past 24 hours, and a +8.39% gain in the last 7 days. Its market capitalization stands at $314.89 billion, with daily trading volume exceeding $15.67 billion, confirming growing spot demand and rising momentum across centralized exchanges. Ethereum dominance in the crypto market is now 9.15%, second only to Bitcoin’s 63%.
ETH is trading near the top of its current consolidation band, having reclaimed the $2,600 resistance, now potentially flipping into support. The next breakout zone lies between $2,650 and $2,730, a structural ceiling dating back to the April–May distribution zone.Â
Momentum indicators like RSI are trending above 60, and MACD continues its bullish crossover from July 2, supported by increased 24-hour volume on major pairs (ETH/USDT, ETH/FDUSD, ETH/USDC).
If ETH closes above $2,650, next targets are set at $2,800 and $2,960. Inversely, failure to hold above $2,560–$2,540 could result in a retracement toward $2,440, which aligns with the prior volume cluster and 50-day EMA.
Ethereum ETF inflows are now on an 8-week positive streak, indicating sustained institutional buying behavior and a long-term repositioning toward ETH exposure through regulated instruments. Treasury platform BTCS surged 100% this week after announcing a $100 million ETH accumulation plan, joining other firms adding Ethereum to strategic corporate reserves.
Ethereum’s base gas fees remain extremely low (~0.635 GWEI), supporting the ongoing growth of L2 activity and continued expansion of DeFi, NFT minting, and modular rollup ecosystems.
ETHNews analysts are closely monitoring ETH’s market dominance, which has recovered to over 9% amid recent rotation out of Layer-2 meme assets and underperforming smart contract chains.
