$ETH .

Updates

Pectra Upgrade Progress

Ethereum's anticipated Pectra upgrade—a combination of the Prague (execution layer) and Electra (consensus layer) enhancements—is progressing steadily. This upgrade aims to bolster scalability, security, and staking efficiency. Notably, the Hoodit testnet has successfully completed a fork, leading to plans for its adoption over Holesky, which is set to be retired in September 2025 .

Upcoming Options Expiry

A significant event to watch is the expiration of Ethereum options today, April 25, at 4:00 PM (UTC+8). This could introduce volatility in ETH's price, potentially impacting short-term trading strategies .

Bullish Market Signals

Recent analyses indicate that Ethereum is exhibiting bullish tendencies, supported by increased trading volumes and a stabilizing macroeconomic environment. These factors suggest the potential onset of a new upward trend for ETH .

Technical Analysis Insights

ETH is currently testing crucial support levels around $1,740–$1,765. A decisive move above $1,765 could activate bullish momentum, with potential targets at $1,790, $1,820, and $1,860. Traders are advised to monitor volume build-up around these levels for confirmation .