After the decline in city centers in the Chicago Mercantile Exchange, Ethereum has seen a noticeable increase of 10% and is currently hovering around $1,796. Technical analysis indicates the possibility of targeting $1,900.

Important News

. Vitalik Buterin's proposal to replace EVM with

RISC-V

. Pectra update coming on May 7 to improve performance.

. Whale movement and selling large amounts of Ethereum.

. Instant ETFs for Ether are experiencing

a slowdown in inflows.

Short-term outlook appears bullish,

but volatility still exists. Watch key support

and resistance levels!