Latest Ethereum (ETH) Price Today: Stablecoin Inflows Push Price 11% in Cryptocurrency

Cryptocurrency news 2025-01-06T18:22:53.500+02:00 M o n d a y , 0 6 / 0 1 / 2 0 2 5 | 1 6 : 2 2 G M T by Jared Kirui ETH is facing an important price resistance level at $4,003, with the nearest support at $3,444. Vitalik Buterin, Ethereum’s co-founder, has advocated for defensive strategies against potential AI risks through decentralized solutions. Ethereum’s price action is capturing the attention ofinvestors. As the year 2025 begins, Ethereum has witnessed a remarkable surgein stablecoin inflows. This comes as Ethereum co-founder Vitalik Buterinadvocates for defense strategies against AI risks, The Ethereum network saw a stunning $1.11 billionincrease in stablecoins over just seven days, according to data by LookOnChain.Second on the list is Solana with $202.13 million, while TON came in thirdplace with $202 million. This boost in liquidity has translated into positiveprice momentum in ETH. At the time of publication, the token traded at $3,689after a 1.6% and 11% rise in the past day and week, respectively. Ethercurrently trades at an important price resistance level. In the past 7 days, stablecoins(USDT&USDC) on #Ethereum increased by $1.11B, and stablecoins(USDT&USDC) on #Solana increased by $202.13M.https://t.co/MmejJTKE7z pic.twitter.com/dvxReLDhiH — Lookonchain (@lookonchain) January 6, 2025 Key Price Levels According to TradingView data, to the upside, the pricecould face resistance at $4,003. However, with a failure to sustain an upwardmomentum, the nearest support level is at $3,444. Technical analysis supportsthis bullish sentiment, as Ethereum’s price has remained resilient above keymoving averages, including the 50 and 200 moving averages. If Ethereum can maintain this bullish sentiment andovercome the $4K resistance, the next few months could be crucial in confirmingwhether the digital asset will push to new highs. Meanwhile, as artificial intelligence (AI) evolves, theprospect of superintelligent systems capable of surpassing human control loomslarge. Buterin, recognizing the potential dangers, recently outlined a strategythat emphasizes decentralization and democratic safeguards to prevent AI fromspiraling into an existential threat. ETHUSD, Source: TradingView In his latest blog post, Buterin called for a balancedapproach that accelerates defensive technologies while ensuring transparencyand accountability through regulation . Buterin’s post delves into the dual challenge ofrapidly advancing technology while mitigating its risks. He highlights theurgency of preparing for a future where AI might become superintelligent in aslittle as five years. Ethereum Co-Founder’s Proposal about AI His proposal includes building technology thatsafeguards humanity without assuming that “the good guys” will alwaysbe in control. A central component of Buterin’s defense strategy is the idea of”decentralized and democratic differential defensive acceleration,”or d/acc. This approach focuses on empowering individuals ratherthan centralized authorities to control vital resources, ensuring that AIdevelopment doesn’t fall under the sway of governments or corporations withpotentially harmful agendas. d/acc: one year laterhttps://t.co/pM3eVtJ1BU — vitalik.eth (@VitalikButerin) January 5, 2025 While he acknowledges challenges in regulatingopen-source systems or military applications, Buterin maintains thataccountability is a necessary mechanism to ensure responsible AI development.  » …

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