#Ethereum
As of May 2, 2025, Ethereum (ETH) is trading at approximately $1,848, reflecting a 2.4% increase over the past 24 hours.
Market Trends:
ETH has reclaimed the $1,800 level after facing resistance, with institutional investors and whales contributing to the buying pressure.
Despite recent gains, Ethereum ended April down 1.58%, marking its fifth consecutive monthly decline.
Development Updates:
A new layer-2 scaling solution, Ethereum R1, has been introduced, aiming to enhance transaction throughput without a native token or venture capital backing.
Vitalik Buterin shared his vision for Ethereum's future, emphasizing scalability improvements and user experience enhancements.
Investor Activity:
Institutional interest remains strong, with US spot Ether ETFs recording net inflows of $157.1 million last week.
However, some large investors are taking bearish positions; a notable whale shorted $18 million worth of ETH at an average price of $1,791, currently facing an unrealized loss of approximately $510,000.
Overall, Ethereum shows signs of recovery amid renewed institutional interest and ongoing development efforts.