According to @jessepollak, Base has become the largest single customer of Ethereum, contributing significant value and helping onboard millions of users and tens of thousands of developers onchain (source: Twitter/@jessepollak). This strong partnership highlights Ethereum's increasing adoption through layer-2 scaling solutions like Base, which boosts network activity and transaction volume. For traders, this signals ongoing demand for ETH and related ecosystem tokens, supporting positive sentiment and liquidity in the cryptocurrency market.

According to AltcoinGordon, JPMorgan has indicated a potential correction in the crypto market, pointing to a decline in Bitcoin and Ethereum demand on the CME futures market. Additionally, institutional investors are taking profits, and key US crypto initiatives are delayed until the second half of 2025, which could extend the bull run.