#ETHCrossed2500

Ethereum (ETH) is currently trading at $2,525, with a 5.88% increase in the last day and a market capitalization of $304.05 billion. The cryptocurrency has formed golden crosses on its one-hour and four-hour charts, indicating potential short-term bullish momentum. Here's a breakdown of ETH's current state.

Key Statistics:

Market Capitalization: $304.05 billion

Current Price: $2,525

-24-hour Trading Volume:$31.91 billion

- Circulating Supply:120.73 million ETH

-Technical Analysis:

Moving Averages:ETH has surpassed the 50-day moving average, hinting at a trend reversal

Relative Strength Index (RSI): 68.72, indicating a neutral position with potential for growth

Price Predictions:

Short-term:Analysts predict ETH could reach $2,600 in the near future, with potential resistance levels at $2,600 and support at $1,761.30

Long-term:Some analysts forecast ETH reaching $5,000 by 2025 and $15,575 by 2030

Market Trends:

Total Value Locked (TVL):ETH's TVL dominance has surged past 53%, indicating growing institutional interest and accumulation

Exchange Reserves: Declined by 1.1% in the past 24 hours, showing reduced sell pressure on centralized exchanges

Whale Movements:

Recent Transactions:23,844 ETH transferred to Coinbase Institutional and 58,430 ETH moved between unknown wallets, suggesting rising institutional interest and accumulation

Future Outlook:

Pectra Update: Ethereum's upcoming Pectra update could propel the platform forward, potentially driving the price up

Potential Risks:Softening fee burns and reduced short-term activity may temper Ethereum's deflationary narrative.