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According to Odaily, Ethereum co-founder Vitalik Buterin emphasized the importance of a form of 'trustlessness' that has been undervalued for a long time. He stated that it is crucial for as many people as possible to fully understand the entire protocol from start to finish. If only a few individuals possess complete understanding, the system still faces a risk of implicit trust concentration. Buterin noted that Ethereum has room for improvement in this area. He suggested that simplifying protocol design and reducing system complexity could enhance overall comprehensibility. This approach would not only broaden the pool of individuals capable of participating in and auditing the protocol but also strengthen the transparency, security, and long-term resilience of the Ethereum ecosystem.

Key TakeawaysEthereum price drops 2.8% to near $2,918, underperforming the crypto marketCrypto liquidations reach $582M, with $200M in ETH long positions wipedEthereum ETF outflows total $224.8M, pressuring institutional interestImmediate Price Action And ETF FlowsThe Ethereum price fell to around $2,918 in the past 24 hours, lagging the broader crypto market, which declined just 0.12%. Losses extend ETH’s 7-day (-7.1%) and 30-day (-7.9%) downtrends.Spot Ethereum ETF products recorded $224.8M in daily outflows. This reversed recent optimism and highlighted fading institutional interest during heightened volatility. Market Liquidations Increase Selling PressureA sharp risk-off move triggered $582M in total crypto liquidations, with 84% from long positions. Ethereum led losses among major assets, accounting for $200M in forced unwinds.ETH’s strong correlation with Bitcoin and tech equities amplified downside moves. Macro uncertainty, including global rate concerns, added to selling pressure across digital assets. Technical Structure Remains WeakOn the technical front, Ethereum failed to hold the $3,000 psychological level. ETH now trades below all key moving averages, reinforcing low confidence sentiment.Source: TradingViewThe 50-day EMA at 3,261.5 and 200-day EMA at 3,434.1 act as overhead resistance. Short-term averages, including the 10-day EMA at 3,069.2 and 20-day EMA at 3,087.7, also cap recovery attempts. On-Chain Activity Signals Fading DemandOn-chain metrics underline the bearish tone. Ethereum network fees fell 45% month-over-month to $15.1M, while active addresses declined 14% week-over-week.Long-term holders distributed 847,000 ETH over 30 days, the largest reduction since early 2021. This supply increase offsets structural support from Ethereum ETF holdings, currently around $18.2B AUM. ETH Outlook: Key Levels To WatchThe short-term Ethereum forecast depends on whether ETH can stabilize near the 200-week EMA at $2,716. A sustained move below this area could expose deeper downside risks toward $2,300.Upside confidence improves only if Ethereum reclaims the $3,200–$3,260 zone, where the 50-day EMA sits. Until then, Ethereum price update signals remain cautious amid weak momentum and fragile market sentiment.

On Dec 16, 2025, 14:01 PM(UTC). According to Binance Market Data, Ethereum has dropped below 2,900 USDT and is now trading at 2,895.810059 USDT, with a narrowed 7.64% decrease in 24 hours.

According to Foresight News, monitoring by Lookonchain has revealed that an address associated with Lido co-founder Konstantin Lomashuk sold 14,585 Ethereum in the past hour at an average price of $2,928.

According to ChainCatcher, Liquid Capital founder Yi Lihua shared insights on the X platform regarding Ethereum's market conditions. He expressed strong confidence in Ethereum's fundamentals despite a significant drop since October 11. Yi noted that market liquidity has decreased, with the contract market dominating over the spot market. He described the current fluctuations as normal, especially considering the four-year cycle resonance and the upcoming Christmas season. For spot investments, he advised that purchasing at the lowest price is not necessarily the most suitable investment strategy. Yi emphasized the importance of Ethereum as a core investment asset in the new era of on-chain finance, with WLFI and similar assets as key investment configurations. He assured that their investment and data logic remain consistent with previous reports.

According to Odaily, Hyperbot monitoring has revealed that investor Ma Ji Da Ge's Ethereum long position was completely liquidated at a final price of $2,878, leaving the account with a balance of only $15,919. This week, Ma Ji Da Ge incurred losses amounting to $1.83 million, bringing the total losses to $21.2 million.

On Dec 16, 2025, 04:50 AM(UTC). According to Binance Market Data, Ethereum has dropped below 2,900 USDT and is now trading at 2,898.01001 USDT, with a narrowed 7.15% decrease in 24 hours.

On Dec 15, 2025, 15:22 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,000 USDT and is now trading at 2,997.949951 USDT, with a narrowed 2.58% decrease in 24 hours.

A previously undetected bug in Ethereum’s Prysm consensus client, introduced more than a month before the Fusaka upgrade, has been identified as the root cause of a network participation drop that briefly disrupted Ethereum earlier this month.According to a post-mortem published by Ethereum developer Terence Tsao, the incident occurred on Dec. 4, when Prysm nodes began experiencing severe resource exhaustion, leading to missed attestations, reduced validator participation and significant lost rewards.What Went Wrong With PrysmThe issue stemmed from a bug introduced in Prysm PR 15965, which had been deployed on Ethereum testnets roughly a month before the Fusaka mainnet upgrade.While the bug existed on testnets, it was never triggered until mainnet conditions aligned.When Prysm nodes received attestations from out-of-sync peers, they failed to process them efficiently. Instead of referencing the current head state, affected nodes replayed past epoch blocks and recomputed expensive state transitions from scratch, dramatically increasing computational load.This resulted in a cascading performance failure across Prysm validators.Network Impact: Participation Drops to 75%For more than 42 epochs, Ethereum experienced elevated disruption metrics:Network participation fell to 75%Missed slot rate reached 18.5%Validators lost approximately 382 ETH in attestation rewardsDespite the disruption, Ethereum avoided a more severe network event thanks to client diversity.Prysm Patch Deployed, Temporary Fix UsedOnce the issue was identified, Prysm developers instructed node operators to deploy a temporary mitigation, while a full patch was prepared and rolled out shortly afterward.Prysm has since been patched, resolving the faulty behavior that caused the excessive recomputation and node exhaustion.Client Diversity Prevented a Bigger CrisisDevelopers emphasized that the outage could have been far worse if the bug had affected Ethereum’s dominant consensus client, Lighthouse.Prysm, developed by Offchain Labs, accounts for 17.6% of Ethereum consensus clients, making it the second-largest client by share. Lighthouse currently controls 52.6%, down from around 56% at the time of the incident, according to ClientDiversity data.“Client diversity prevented a noticeable impact on Ethereum users,” developers noted.“A client with more than one-third of the network would have caused a temporary loss of finality and more missed blocks.”Had the bug impacted a client controlling over 33% of the network, Ethereum could have temporarily lost finality. If it affected a client above the two-thirds threshold, the network could have finalized an invalid chain.A Reminder of Past Ethereum RisksThe incident echoes past near-misses. In May 2023, shortly after the Shanghai hard fork, Ethereum temporarily lost transaction finality for nearly 25 minutes, followed by another outage lasting over an hour the next day — both of which resolved without permanent damage.Why This MattersWhile Ethereum remained resilient, the Prysm outage highlights two critical realities:Testnets are not foolproof, even for bugs present weeks before mainnet deploymentClient diversity remains one of Ethereum’s strongest safeguards against catastrophic failuresAs Ethereum continues to evolve through upgrades like Fusaka, developers say maintaining balanced client distribution and rigorous testing remains essential to preserving network stability.

According to BlockBeats, Nansen CEO Alex Svanevik expressed his concerns about the current state of Ethereum. While he remains a holder of ETH and appreciates its role in introducing him to the crypto world, Svanevik criticized the complacency within the Ethereum community. He noted that whenever Ethereum's shortcomings are mentioned, responses often dismiss these concerns by labeling metrics as false or pointing to Total Value Locked (TVL) as a defense. Svanevik emphasized the need for Ethereum to maintain a sense of paranoia and urgency. He warned that without increased vigilance and a heightened sense of crisis within the community, Ethereum risks becoming irrelevant by 2030.

According to BlockBeats, HyperInsight monitoring revealed that in the past hour, the price of ETH fell to $3,033, resulting in the liquidation of Huang Licheng's ETH long position. This led to a loss of approximately $9.8 million. The current position size is around $7.73 million, with an average price of $3,190, resulting in an unrealized loss of $2.9 million, or 94%. The latest liquidation price is approximately $3,025, leaving the account with only $270,000. Additionally, Huang Licheng's address experienced a previous liquidation at 7 PM yesterday when ETH was around $3,050, incurring a loss of about $1.1 million. Following this, a small margin of $12,000 was deposited.

According to ChainCatcher, the Prysm team, responsible for the Ethereum consensus layer client, has published an analysis report on the Fusaka mainnet issue. During the incident, nearly all Prysm nodes experienced resource exhaustion while processing specific proofs, resulting in an inability to respond promptly to validator requests. The fault affected epochs 411439 to 411480, with 248 blocks lost across 42 epochs, leading to a missing rate of 18.5%. Network participation dropped to a low of 75%, and validators lost approximately 382 ETH in proof rewards. The root cause was identified as Prysm beacon nodes receiving proofs from potentially unsynchronized nodes, which referenced block roots from previous rounds. To verify these proofs, Prysm attempted to reconstruct compatible states, causing repeated processing of past round blocks and costly recalculations of round conversions. The team temporarily addressed the issue by advising users to use the --disable-last-epoch-target parameter. Future versions v7.1 and v7.1.0 will include long-term solutions.

On Dec 13, 2025, 08:16 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,100 USDT benchmark and is now trading at 3,104.830078 USDT, with a narrowed narrowed 4.41% decrease in 24 hours.

According to Odaily, data from SoSoValue indicates that on December 12 (Eastern Time), Ethereum spot ETFs experienced a total net outflow of $19.405 million. The Blackrock ETF ETHA recorded the highest single-day net inflow among Ethereum spot ETFs, amounting to $23.2469 million. The historical total net inflow for ETHA has reached $13.23 billion. Conversely, the Grayscale Ethereum Mini Trust ETF ETH saw the largest single-day net outflow, totaling $22.0982 million. The historical total net inflow for ETH stands at $1.489 billion. As of the time of reporting, the total net asset value of Ethereum spot ETFs is $19.42 billion, with an ETF net asset ratio of 5.22% compared to Ethereum's total market capitalization. The cumulative historical net inflow has reached $13.088 billion.

On Dec 12, 2025, 15:42 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,100 USDT and is now trading at 3,097.76001 USDT, with a narrowed 2.40% decrease in 24 hours.

According to PANews, Ethereum's price has recently fallen below the $3200 mark, currently trading at $3198.55 per unit. Despite this dip, the cryptocurrency has experienced a daily increase of 0.61%.

On Dec 12, 2025, 15:16 PM(UTC). According to Binance Market Data, Ethereum has dropped below 3,200 USDT and is now trading at 3,199.590088 USDT, with a narrowed narrowed 0.75% increase in 24 hours.

According to ChainCatcher, the 171st Ethereum Consensus Layer Core Developers Meeting (ACDC) focused on several significant topics. The meeting addressed the retention of trusted payments as part of the embedded proposer-builder separation (ePBS) in the upcoming Glamsterdam upgrade, while officially removing the fork choice enforced inclusion list (FOCIL) feature. Additionally, the Fusaka upgrade was successfully deployed on the mainnet on December 3, followed by the activation of the blob parameter hard fork on December 9, with the network operating smoothly. The developers also discussed proposals EIP 7688, 8061, and 8080. Plans are underway to begin preparations for the Heka upgrade in January next year, with considerations to rename it in accordance with the standards of the International Astronomical Union.

According to PANews, Glassnode has analyzed on the X platform that the Ethereum spot ETF is showing signs of recovery after experiencing several weeks of continuous outflows. Moderate inflows have begun to appear, suggesting a reduction in redemption pressure. If this trend continues and net inflows are sustained, it could indicate an improvement in demand before the end of the year.