Ethereum primed for a potential recovery following JP Morgan's report, DWS's Ethereum ETC

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Ethereum’s (ETH) price continued consolidating for a third consecutive day on Friday after the hefty losses seen at the beginning of the week.

Asset manager DWS Group lists Ethereum ETC on German stock exchange Deutsche Borse. The declining share of liquid staking protocol Lido could help Ethereum to escape security classification, according to JP Morgan analysts. Ethereum restaking carries risks similar to those that caused the 2008 financial crisis, says Steven Walbroehl through Blockworks. Ethereum’s price continued consolidating for a third consecutive day on Friday after the hefty losses seen at the beginning of the week.

Despite these positives, Steven Walbroehl, CTO of cybersecurity firm Halborn, has raised concerns about the current restaking boom on Ethereum in an article released on Blockworks. Restaking protocols claim they've achieved new levels of efficiency by piggybacking on staking-based security models but those efficiencies also entail risks — risks we don't entirely understand, said Walbroehl.

 

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