💥Ethereum Development News and Spot Analysis:

As of Saturday, April 26, 2025, Ethereum (ETH) is trading between $1,795 and $1,797. The past few days have been marked by volatility, with ETH surging around 10% over the week to briefly touch the $1,800 mark.

Currently, ETH faces resistance at $1,812 and $1,861. A breakout above these levels could open the path toward $2,000 and potentially $5,000 by July 2025, according to some forecasts.

On the downside, key support levels are around $1,696 and $1,700—a break below these could trigger further losses.

Over the last 24 hours, ETH has recorded a modest gain of approximately 0.6%.

Long-term investors are continuing to accumulate, with significant inflows into holding wallets being observed.

Ethereum Development Update:

The Pectra Upgrade is set for mainnet launch on May 7, 2025, at epoch 364032. This major update incorporates 11 Ethereum Improvement Proposals (EIPs), targeting better network efficiency, scalability, and validator operations. Key features include streamlined validation processes and improved access to information and execution progress.

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