ETH Analysis: May 7, 2025 Daily Chart
Ethereum upgraded today, but it feels like there hasn't been any significant change in the market. Early in the day, it followed Bitcoin for a surge, reaching a high near 1850, but didn't even touch the upper pressure of the fluctuation range. Let's pay attention to the impact brought by the upgrade here!
In terms of price action:
The smaller time frame continues to oscillate within the range. Yesterday's low also reached near 1750, just a bit short of the support level mentioned by Sheng Jie. Otherwise, this rebound could have easily gained over 100 points+. Currently, there hasn't been any change in the trend; still, focus on the pressure point of 1880 mentioned yesterday and the support point of 1730!
