š$ETH Market Overview
Current Price: ~$1,837.51 USD
24h Change: +1.84%
24h Range: $1,757.58 ā $1,845.68 USD
Market Cap: ~$221.64 billion USD
24h Trading Volume: ~$14.69 billion USD
Circulating Supply: ~120.73 million ETH
All-Time High: ~$4,868.80 USD (November 10, 2021)
š° Recent Developments
Pectra Upgrade Launch: On May 7, Ethereum implemented its Pectra upgrade, aiming to enhance wallet functionality, staking efficiency, and transaction speeds. While the upgrade is a significant technical milestone, its immediate impact on ETH's price has been modest.
Market Sentiment: Despite the upgrade, Ethereum's price continues to trade within a narrowing range around $1,800, indicating market indecision.
š® Price Forecast
Analysts suggest that if Ethereum maintains support above $1,800, it could test resistance levels between $1,845 and $1,850. A breakout above this zone might open a path to $1,910 and potentially $1,950.
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