After a lengthy phase of decline and consolidation, as well as macroeconomic pressures that temporarily held back its movement, $ETH has finally achieved a significant breakout and recorded an increase of approximately +10.66% in the last 24 hours. Currently, Ethereum (ETH) is trading at around $2,589.75 per coin.

The main catalyst for this increase in Ethereum's price is none other than the impact of the implementation of the Pectra Upgrade, which is the latest technical update that enhances transaction efficiency and validator management on the Ethereum network. This upgrade has successfully restored investor confidence in Ethereum's long-term roadmap, especially with the narrative of ETH as the backbone of the increasingly strengthening Layer 2 and DeFi ecosystem.

Technically, the price structure is very solid:

– EMA(13), EMA(21), and EMA(99) are all sharply pointing upwards, indicating full bullish momentum

– RSI(6) touches level 91.21 → extreme overbought signal but in line with the character of a major breakout

– MACD positive divergence is widening, reinforcing the confirmation of an upward trend

Anyway, here I include my Outlook for Ethereum (ETH) ➡️ $ETH

Disclaimer: Not Promotion & Not Financial Advice