#BTCBackto100K #ETH
Ethereum (ETH) – Market Overview
Current Price: $2,067.10
24-Hour Change: +14.85%
24-Hour High / Low: $2,075.59 / $1,793.08
Market Cap: Approximately $249.5 billion
24-Hour Trading Volume: Around $28.1 billion
Circulating Supply: Approximately 120.73 million ETH
All-Time High (ATH): $4,878.26 (November 10, 2021)
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Market Sentiment and Outlook
Ethereum has surged over 14% in the past 24 hours following the successful launch of the Pectra upgrade. This upgrade has improved scalability, raised the maximum stake to 2,048 ETH, and enhanced staking efficiency. Analysts expect that if ETH holds above $1,800, it may move toward the $2,500–$3,000 range in May 2025.
Despite the recent rally, some mid-term holders are still in a loss position, which may impact short-term selling pressure.
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Ecosystem Developments
The Pectra upgrade introduced 11 Ethereum Improvement Proposals (EIPs) aimed at improving Layer 2 functionality and staking. Ethereum’s ecosystem is also expanding with the launch of new tokens like Pectra and 7702 on the Base blockchain, boosting DeFi activity.
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Conclusion
Ethereum is showing strong recovery momentum after recent technical upgrades. Continued growth will depend on broader market conditions and ETH's ability to sustain support above $2,000.
