Ethereum Jumps 3% as Vitalik Buterin Pushes for On-Chain Gas Futures Market

Ethereum price has surged 3% the past 24 hours to trade at $3,127 on a daily trading volume that soared 122% to $23.3 billion.

The surge in ETH price comes as Vitalik Buterin proposes a new on-chain futures market for Ethereum gas fees, aiming to give users more certainty over transaction costs as network activity grows. In a post on X, Buterin said Ethereum needs a “trustless on-chain gas futures market” to help users lock in future gas prices and hedge against volatility.

Under this model, users could prepay for gas at fixed rates for specific future time windows—similar to traditional futures markets used to hedge commodity prices. This would allow traders, builders, and institutions with high transaction volumes to better plan and manage operational costs.

Ethereum transaction fee fluctuations in 2025. Source: Ycharts 

The proposal comes at a time when Ethereum’s average gas fees have dropped significantly in 2025, with basic transactions costing around 0.474 gwei ($0.01). However, fees remain volatile, with more complex transactions.

Ethereum Forms Bullish Falling Wedge as Price Eyes Major Rebound

After several weeks of downward pressure, Ethereum is finally showing stability as a bullish falling wedge begins to form on the 3-day chart. The pattern, which is known for signaling trend reversals, suggests that ETH may be preparing for a meaningful recovery after sliding toward its multi-month support zone.

Currently trading around $3,122, Ethereum has bounced from the 3,050–3,150 potential rebound zone, an area that aligns closely with the 200-day SMA at $3,074. This confluence of support has acted as a crucial defense level, preventing deeper losses and giving buyers room to regroup. As long as ETH holds above this region, the probability of a trend shift strengthens.

Ahead, the chart highlights the 50-day SMA at $3,883 as the next major obstacle. This level falls within the reward zone, serving as the first key upside target once ETH breaks above the wedge’s upper boundary. Reclaiming this moving average would signal renewed buying momentum and confirm that bulls have regained short-term control.

Ethereum Price Signals Potential Mid-Term Reversal

A broader target sits near $4,956, the previous major swing high that becomes attainable if the falling wedge breakout is strong and supported by rising volume.

Technical indicators support the emerging bullish structure, with the RSI at 40.63 is recovering from oversold conditions, hinting at weakening bearish momentum. Meanwhile, the MACD remains negative but shows signs of flattening—often a precursor to a bullish crossover.

To confirm the reversal, ETH must produce a decisive breakout above the wedge’s resistance line. Failure to do so, or a drop back below the 200-day SMA, could delay recovery and keep the asset in a state of consolidation.