Foresight News reports that Hsiao-Wei Wang, Co-Executive Director of the Ethereum Foundation, shared her insights on the Ethereum scalability roadmap, user experience, and AI agents at Consensus 2026. Regarding Vitalik’s previous suggestion that the focus of scalability should return to L1, she believes this is more of a recommendation for L2. She pointed out that L2 should pursue differentiation and specialization, such as building specific application chains to provide extreme scalability. L1 should serve as the most secure settlement layer, handling the most critical activities, while L2 is responsible for activities that aim to deliver the best user experience.
The current biggest pain point in user experience is wallets and entry barriers. Ethereum will promote native account abstraction in the future, making smart contract wallets the default choice, replacing traditional externally owned accounts (EOA), so users can enter the crypto world without requiring deep background knowledge. Improvements in privacy features will help Ethereum stand out in the ecosystem competition, as the community has been deeply working on privacy technology for years. ZK-EVM is Ethereum’s long-term scalability plan, which will significantly improve network efficiency through zero-knowledge proof technology. The future challenge for AI agents lies in how to define and regulate interactions between AI agents. The industry must establish trustless interaction standards to ensure users are interacting with their own agents, rather than third-party agents that could manipulate transaction content.
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ETH drops 0.56% in 15 minutes: Institutions’ ETF in-and-out flows and tightened on-chain liquidity dominate the market
From 17:45 to 18:00 (UTC) on 2026-04-19, the ETH price recorded a return of -0.56% within 15 minutes, closing in the 2294.03 - 2311.0 USDT range, with an amplitude of 0.73%. Heightened market volatility triggered increased short-term trading activity and boosted attention, while overall liquidity performance tightened.
The main driving force behind this unusual move is institutions’ short-term in-and-out flows of ETF funds and a lull in on-chain stablecoin activity. In early April, after the ETH spot ETF recorded a net inflow of $120.24 million over a short period, it quickly reversed to a net outflow of $64.61 million, indicating that institutional capital became more short-term and there was no signal of sustained accumulation. Meanwhile, on-chain USDT and USDC activity fell in tandem to an annual low; ETH’s short-term buying power was clearly insufficient, putting pressure on liquidity.
In addition, high-win-rate whales have been frequently shorting ETH and BTC since April 14, with related position sizes exceeding $25 million, further intensifying downward pressure in the short term. On the macro front, the Federal Reserve maintains high interest rates, the U.S. dollar remains strong, risk appetite has shifted to cautious, and some funds have flowed into traditional assets such as U.S. stocks. On-chain data shows that exchange reserves for ETH have fallen to the lowest level in nearly a decade, suggesting that long-term holders are actively shifting away from self-custody, further reducing market liquidity supply and amplifying price anomalies. Network conditions are stable; gas fees are operating at low levels, and on-chain transactions have not shown extreme spikes.
The risk of near-term fluctuations remains high. ETF fund flows, large on-chain transfers, stablecoin activity, and changes in whale positions will be key indicators to watch. If institutions step up selling or stablecoin outflows expand further, ETH price volatility may intensify. Please continue to monitor macro developments and on-chain liquidity changes, stay alert to the risk of sharp short-term volatility, and get more real-time updates.
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