As of May 5, 2025, #Ethereum (ETH) is trading around $1,830, exhibiting a bullish trend as it approaches the critical resistance zone between $1,772 and $1,824. This movement is fueled by anticipation surrounding the upcoming Pectra upgrade, scheduled for May 7, which aims to enhance scalability and reduce transaction costs through features like EIP-3074. Additionally, #Ethereum has outperformed Bitcoin over the past two weeks, recording a 15.7% gain, highlighting growing investor confidence in its long-term potential. Analysts predict that #Ethereum could reach between $6,100 and $7,200 by the end of 2025, contingent on successful implementation of network upgrades and broader market conditions.
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