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Ethereum Stalls Below $1,880 as Pectra Upgrade Faces Market Caution
Despite the rollout of the highly anticipated Pectra upgrade, Ethereum struggles to break above $1,880—capped by the 0.618 Fib and 50-day EMA.
ETH is currently trading around $1,769, with traders eyeing both macro signals and the May 7 FOMC meeting for the next major move.
Key points:
Pectra upgrade enhances usability: smarter wallets, better staking, and cheaper storage.
Market reaction has been muted—suggesting macro > tech upgrades right now.
Next major support: $1,540, if current range breaks down.
Will ETH bulls reclaim control or are we in for a deeper pullback?
Disclaimer: Not financial advice.
