📌 Market overview
Current price: $2,505.76
24h volatility: +7.54%
Daily high: $2,507.80
Daily low: $2,328.44
Market capitalization: $480 billion
24h trading volume: $38.33 billion
All-time high (ATH): $4,891 (November 2021)
Ethereum surged strongly after the Pectra upgrade was deployed on May 7, 2025, marking one of the most significant advances since The Merge in 2022. This upgrade aims to improve user experience and network performance, attracting significant interest from investors.
📈 Technical analysis
Near resistance: $2,550
Strong support: $2,300
RSI (4H): 68 – near overbought territory
MACD: Heading towards a bullish crossover
The 4-hour chart shows that ETH has broken out of a descending wedge pattern, with strong trading volume confirming the bullish trend. The current price is testing the resistance zone of $2,550; if it breaks through, it could pave the way to $2,700.
📊 Trading strategy
Scenario 1 – Open Long position
Reason to enter: Price breaks out of the descending wedge pattern, strong trading volume confirms the bullish trend.
Entry zone: $2,480 – $2,510
Stop-loss (SL): $2,300 (Below the nearest support)
Take-profit 1 (TP1): $2,700
Take-profit 2 (TP2): $2,900
Probability of success: 80% (Based on technical signals and positive news from the Pectra upgrade)
Scenario 2 – Open Short position
Reason to enter: Price fails to break through resistance at $2,550 and a bearish reversal signal appears.
Entry zone: $2,540 – $2,560
Stop-loss (SL): $2,600 (Above the nearest resistance)
Take-profit 1 (TP1): $2,400
Take-profit 2 (TP2): $2,300
Probability of success: 60% (Based on the likelihood of a correction after a strong rally)
Note: The market is in an exuberant state after the Pectra upgrade; tight risk management is needed and technical signals should be closely monitored.
📰 Featured news
Pectra upgrade: Ethereum implemented the Pectra upgrade on May 7, 2025, improving user experience and network performance.
Institutional money flow: A whale purchased 1,700 ETH from Binance after 6 months of inactivity, indicating renewed interest from major investors.
Outstanding performance: ETH increased by 30% in May, outperforming many other altcoins.
🔗 Trade ETH