On November 29th, ETH Foundation researcher Justin Drake tweeted that the ETH Foundation is investing tens of millions of dollars in zkVM, including zkRISC-V formal verification, Poseidon cipher analysis, and L2beat for zkVMs.
After experiencing a decline last weekend, Ethereum immediately rebounded to above $2,500 within 48 hours. Independent analyst Poseidon called this the 'last drop' and stated that if it maintains above $2,600, more long positions will be added. The analyst believes this range will eventually break through to the upside.