$ETH

Ethereum (ETH) is currently trading around $1,777, showing a marginal increase of approximately 0.31% in the past 24 hours.

ETH has shown some positive momentum over the past week, with a gain of around 11-12%.

However, looking at a broader timeframe, ETH has seen a decrease of about 13-15% over the last month and a significant drop of over 43% compared to its value a year ago.

Technical analysis suggests that ETH is facing resistance around the $1,780 - $1,800 level, with support around $1,725 and major support at $1,700.

A break below this major support could lead to further declines.

On the other hand, a successful break above the resistance could signal a move towards the $2,000 mark.

The upcoming Pectra upgrade, expected on May 7, 2025, is anticipated to improve network performance and scalability, which could positively impact ETH's price in the longer term.