$ETH

As of Thursday, May 8, 2025, at approximately 5:30 AM PKT, here's a brief report on Ethereum's (ETH) performance:

🌋Current Pric💰

ETH is trading around $1,800 - $1,830 USD on major exchanges.

In Pakistani Rupees (PKR), ETH is trading in the range of PKR 507,000 - PKR 510,000.

🌍Recent Performance🌐

ETH has shown positive movement over the last 24 hours, with gains ranging from 1% to 3.5% depending on the exchange.

This upward trend mirrors the broader cryptocurrency market's recovery following the FOMC meeting. The general sentiment appears to be cautiously optimistic.

Market Sentiment

Overall sentiment around Ethereum is currently bearish according to some technical analysis.

However, there's also a sense of potential short-term rallies as major altcoins hold key support levels.

💸💸💵Long-term predictions for ETH in 2025 vary significantly, with some analysts forecasting prices as high as $5,000 - $6,000 or even $10,000 in more bullish scenarios, while others remain more conservative.

FOMC Meeting Effect.

Similar to Bitcoin, the immediate impact of the FOMC meeting (which concluded yesterday, May 7th, US time) on Ethereum's price appears to be part of a broader market relief and stabilization. The widely expected decision to hold interest rates steady didn't trigger negative market reactions.

Key Levels to Watch:

Resistance: $1,839 - $1,873 USD are potential resistance levels to watch for further upward movement.

Support: $1,766 - $1,777 USD are key support levels if the price retraces.

In summary, Ethereum 💰💰has experienced a positive price movement today, likely influenced by the stabilization of the broader crypto market following the FOMC meeting. However, technical sentiment suggests caution, and the long-term outlook for 2025 remains varied among analysts.