Ethereum ecosystem unified in progress: Cross-chain wallet innovation aims to break through $3,100

ETH Stuck in Volatility, Can It Hold the Key Support?

Ethereum has recently experienced fluctuations. According to the latest data, ETH is currently priced at $2.95K, with a 24-hour decline of -0.36%. According to Coinglass statistics, a total of $98 million was liquidated in the past day, with long liquidations accounting for $49.7 million. Market sentiment remains weak.

After hitting a low of $2,950, ETH is now defending around $3,100. If the bulls successfully maintain this level, resistance above is at $3,470; otherwise, a break below could lead to a move toward $2,850 and even lower support at $2,380. On the technical side, the Relative Strength Index (RSI) is neutral to weak but shows signs of a potential bottoming out, while the Stochastic Oscillator has rebounded from oversold territory, indicating weakening bearish momentum.

Account Abstraction Team Unveils a New Blueprint for Ethereum Interoperability

The Ethereum Foundation’s Account Abstraction team recently released a major vision, aiming to solve the fragmentation issues in the current L2 ecosystem through the Ethereum Interoperability Layer (EIL). The core concept: Allow users to perform cross-chain operations within a single wallet without worrying about bridges, chain names, or asset dispersal.

Although L2 networks have significantly increased Ethereum’s throughput and reduced costs, they also introduce new challenges—technical burdens of managing multiple chains, additional trust risks, and threats from bridge hacks. According to Chainalysis data, in 2022 alone, users lost over $2 billion due to cross-chain bridge attacks, most of which occurred on L2 bridges. The current cross-L2 environment operates similarly to centralized exchanges, filled with intermediaries such as bridge operators, relayers, and resolvers, along with opaque off-chain infrastructure.

From HTTP to Wallets: How Interoperability Protocols Will Unify Ethereum

EIL is built on the ERC-4337 account abstraction standard, which introduces smart wallet capabilities, enabling users to perform cross-chain operations within a single transaction without understanding the underlying complexity. According to the team, users will directly transact on all chains, with untrusted liquidity providers supplying assets, but these providers will neither interact directly with users nor see transaction details.

This design philosophy is similar to HTTP in the early internet—establishing a unified protocol that makes upper-layer applications seamless. Just as browsers made web experiences frictionless, EIL will enable wallet functionalities to achieve similar effects, transforming Ethereum’s ecosystem from isolated islands into a seamless whole. The Ethereum Foundation emphasizes multiple advantages of this cross-chain roadmap: simplifying user experience, compatibility with new Rollups, native multi-chain dApps and wallet support, reducing developer workload, and maintaining a trust-minimized, environmentally friendly environment.

This announcement coincided with the Ethereum Developers Conference held in Buenos Aires, Argentina, drawing significant industry attention.