As of May 7, 2025, #Ethereum (ETH) is trading at approximately $1,824, showing a slight 1.10% gain in the last 24 hours. The crypto community is closely watching the upcoming Pectra upgrade, which promises major improvements such as smarter wallets, the ability to pay gas fees in #USDC , and increased data capacity with double blobspace. While these developments are fueling optimism, #Ethereum's price remains in a tight range around $1,800, reflecting a balance of pressure between buyers and sellers. In the futures market, short sellers are currently in control, but spot investors are staying bullish, hopeful that the Pectra upgrade will spark a breakout.
