Ethereum (ETH) has surged past the $1,900 mark, currently trading at $1,903.94, reflecting a 4.45% increase over the past 24 hours. This upward momentum is supported by a 24-hour trading volume exceeding $15.81 billion, indicating strong market activity.

Technical analyses suggest that if ETH can break through the resistance levels between $1,860 and $1,880, it may continue its ascent beyond $1,900.

Looking ahead, forecasts indicate that ETH could reach approximately $2,032.48 by May 9, 2025, representing an 11.36% increase from current levels. Longer-term projections are even more optimistic, with some analysts predicting ETH could trade between $2,061 and $6,000 by the end of 2025.

These projections are bolstered by Ethereum's ongoing developments, including Vitalik Buterin's proposals aimed at simplifying the codebase to enhance security and scalability. Additionally, the approval of spot Ether ETFs by the U.S. Securities and Exchange Commission (SEC) is expected to attract significant institutional investment, potentially driving ETH's price higher.

In summary, Ethereum's recent price surge, coupled with strong trading volume and positive market sentiment, suggests a bullish outlook. Investors may find opportunities in buying on dips, with the potential for ETH to reach new highs in the coming months.

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