$ETH As of May 6, 2025, Ethereum (ETH) is trading at $1,778.73, reflecting a 1.36% decrease over the past 24 hours. The intraday high reached $1,828.22, while the low dipped to $1,778.73.

---

๐Ÿ“Š Market Overview

Ethereum has been experiencing a period of consolidation, holding steady around the $1,800 mark for the past two weeks. This lateral movement has interrupted the previous downward trend, suggesting a potential base forming for future price action. Despite recent fluctuations, ETH remains above the $1,500 support level, indicating resilience in the current market phase.

Looking ahead, the upcoming Pectra upgrade scheduled for May 7 is anticipated to have a significant impact on Ethereum's price trajectory. Analysts are closely monitoring this event, as it could serve as a catalyst for breaking the current downward momentum.

---

๐Ÿ‹ Whale Activity

In a notable development, a major Ethereum whale resumed trading after a six-month hiatus, purchasing 1,700 ETH worth approximately $3.1 million on Binance. This move signals renewed confidence among large investors and could influence market sentiment positively.

---

๐Ÿ”ฎ Price Outlook

Ethereum's price is currently in a tight range between $1,770 support and $1,867 resistance. A breakout above the $1,867 level, accompanied by strong volume, could propel ETH towards the $2,030 target, driven by increased network activity and bullish sentiment.

---

If you have further questions or need more detailed information on Ethereum's market developments, feel free to ask!