📊 $ETH Market Overview
Current Price: ~$2,224.57 USD
24h Change: +20.13%
24h Range: $1,842.12 – $2,218.66 USD
Market Cap: ~$265.57 billion USD
24h Trading Volume: ~$38.64 billion USD
Circulating Supply: ~120.73 million ETH
All-Time High: ~$4,721.07 USD (November 2021)
📰 Recent Developments
Price Surge: Ethereum's price surged to approximately $2,450 on major exchanges like Binance, reflecting a 3.2% increase within the prior 24 hours. This uptick aligns with heightened trading volume, which surged by 18% to $12.5 billion across ETH/USD and ETH/BTC pairs during the same period.
Technical Indicators: Ethereum's Relative Strength Index (RSI) on the daily chart sits at 62, indicating bullish momentum without yet entering overbought territory. The Moving Average Convergence Divergence (MACD) also shows a bullish crossover, suggesting sustained upward pressure.
Network Activity: On-chain data indicates a 15% increase in active Ethereum addresses over the past week, reaching 1.2 million, reflecting growing network activity and user engagement.
Institutional Interest: Ethereum-focused ETFs saw a 10% increase in inflows, totaling $85 million for the week ending May 7, 2025, indicating growing confidence from traditional finance players.
🔮 Price Forecast
Analysts suggest that if Ethereum maintains its current momentum, it could test resistance levels around $2,600. Support is expected near $1,850.
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