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Ethereum may yet target $2,600 as derivatives show no sharp bearish turn

Ethereum has repeatedly failed to break above $2,400, but derivatives indicators still leave room for a move toward $2,600, an analysis said. Futures funding rates have recovered from negative territory, while put option activity on Deribit has stayed below calls since May 4. The report cited macroeconomic uncertainty and a series of DeFi-related hacks, but said these were tied to protocol-specific bugs rather than structural issues in Ethereum.

Crypto

Solv Protocol ends LayerZero support, selects Chainlink CCIP for bridge infrastructure

Solv Protocol, a Bitcoin-focused DeFi project, is switching its cross-chain infrastructure from LayerZero to Chainlink. The project is phasing out LayerZero support for SolvBTC and xSolvBTC on Corn, Berachain, Rootstock and TAC, and has selected Chainlink CCIP as its official cross-chain infrastructure. Solv said it reviewed its existing bridge after recent security incidents and concluded CCIP offers the strongest security through reinforced architecture, risk controls and pre-monitoring.

Crypto

Ethereum stuck near $2,300 as retail selling weighs despite whale accumulation

Ethereum is trading above the $2,300 level but has struggled to break higher as selling pressure from retail investors persists. While whales and companies such as BitMine continue to accumulate, retail investors are exiting through Binance, limiting upside. Market sentiment remains neutral and price has moved in a narrow range. Sell walls have formed above $2,330, while support is seen near $2,200. Open interest has declined, and Ethereum’s market share has slipped.