Ethereum Price Stuck at $1,700: Will Lean Ethereum Upgrade Break the Bearish Trend?

The price of Ethereum (ETH) has been stuck around $1,700 for some time now, leading to frustration among crypto investors. However, Vitalik Buterin's recent announcement of Lean Ethereum, a roadmap that will upgrade the network's core systems over the next three to four years, could be a turning point.

According to Crypto analyst Crypto Patel, the current price is holding near the $1,750-$1,800 support zone. A break above $2,500 could pave the way for a move towards CoinCodex's predicted target of $2,687.31. However, the chart still shows a bearish trend, with ETH down about 82% from its previous peak.

The Lean Ethereum roadmap includes significant upgrades such as native recursive STARK verification, quantum-resistant cryptography, and redesigned state storage. Developers are also exploring new storage models that could reduce transaction costs by more than 10x without requiring existing decentralized apps to rewrite their code.

While these changes won't happen overnight, traders are looking for Ethereum to reclaim $2,500 before the bearish monthly structure starts changing.