Ethereum developers approve adding Ethereum Improvement Proposal EIP-3074 to Pectra hard fork. EIP-3074 is meant to reduce gas fees, improve wallet experience for users despite security concerns. JPMorgan analysts maintain 50% odds of a spot Ethereum ETF approval in May. Ethereum's price took a slight dip on Friday following the general stagnancy in the crypto market.
They further stated that there would likely be litigation against the regulator if it doesn't approve the ether ETFs in May. The SEC would lose the litigation, and a spot Ethereum ETF would eventually be approved, said JPMorgan analysts. Technical analysis: Ethereum's sideways movement continues Ethereum long traders saw another day of high liquidations as its price slightly dipped to $3,448 on Friday. ETH liquidations reached $26.
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