Vitalik’s ETH Upgrade Push: Will Ethereum Price Reclaim $1,700 This Week?

Vitalik Buterin is done waiting. The Ethereum co-founder has clarified that it’s time to speed things up. His recent comments emphasize the urgency of accelerating the ETH upgrade timeline, especially as Solana gains ground in both adoption and ETH Price comparisons. With the highly anticipated ETH Pectra Upgrade scheduled for May 2025, featuring improvements like account abstraction and increased staking caps, Ethereum is positioning itself to scale smarter. But beyond the tech, the real push is coming from the Ethereum community, and the charts are backing them up.

Community Pressure Rises as Solana Sets the Pace

The SOL/ETH ratio recently hit a record 0.081, marking a 40% jump since January. This week, Solana gained 10%, while the ETH Price took a hit, flipping market sentiment fast. Solana is winning the moment in a Web3 world that demands speed, low fees, and smooth UX. Meme coins, app devs, and degen culture are all pouring in. Ethereum, despite its strong fundamentals, is now under pressure to respond. The Ethereum community isn’t waiting around anymore; they’re calling for faster ETH Upgrades to keep pace with this high-speed competition.

Solana’s Growth Sparks Layer-2 Innovation and ETH’s Advantage

Solana’s surge is also straining its network, exposing weak points under pressure. That’s where Solaxy enters, Solana’s first Layer-2 solution aimed at offloading traffic, much like Mantle and Arbitrum have done on Ethereum. But here’s the kicker: Ethereum already has a battle-tested Layer-2 ecosystem. With the Ethereum community backing Vitalik’s call for faster ETH Upgrades, the groundwork is there. If Ethereum can move swiftly, it won’t just catch up; it might leap ahead. All that remains is whether the ETH Price will reflect this potential. Let’s dive into the latest charts and see where things might be headed.

ETH Price Action Analysis of April 15th, 2025

The ETH Price began its ascent within a defined ascending channel on April 14, gaining strong momentum that culminated in a bullish breakout around $1,620. This breakout pushed ETH past the previous resistance, testing highs near $1,670 before experiencing rejection. The RSI entered overbought territory multiple times during the rally, signaling buyer exhaustion. Simultaneously, a series of golden crosses on the MACD confirmed strong bullish momentum. However, a sharp reversal followed, leading to a breakdown below the resistance-turned-support zone. ETH then entered a consolidation phase between the support at $1,615 and the resistance at $1,665.

Chart 1, Analyzed by Alokkp0608, published on April 15th, 2025

Post-breakout, ETH failed to reclaim its highs, instead oscillating within a tight range. The RSI frequently touched oversold zones, indicating waning bullish strength. Meanwhile, alternating golden and death crosses on the MACD reflect ongoing indecision in momentum. The price repeatedly bounced from the $1,615 support zone, confirming it as a short-term floor. However, lower highs indicate weakening buyer interest. Until a decisive move above the $1,665 resistance or below the $1,615 support occurs, ETH is likely to remain range-bound.

Ethereum’s Not Out, But It Needs to Move Fast

Ethereum isn’t out of the game, but the pressure is building. With Solana sprinting ahead and sparking new Layer-2 developments, ETH must match the pace. Vitalik’s push for speed isn’t just about upgrades; it’s about keeping Ethereum competitive and ready for the future. Thankfully, the Ethereum community is stepping up, and the ETH Upgrade path is clear. Now, it’s all about execution. The ETH Price is technically caught in a wait-and-watch zone between $1,615 and $1,665. Bulls need to reclaim momentum to confirm a breakout and chart the next leg up.