Ethereum recently surpassed the $2500 barrier, supported by the successful implementation of the Pictura update (May 7, 2025), the largest upgrade since 2024. The update introduced 11 improvement proposals (EIPs), including EIP-7702 to enhance account resilience and EIP-7251 to raise the staking limit to 2048 ETH, facilitating the management of large wallets. These enhancements increased network efficiency, particularly in layer two (such as), reduced staking costs, and increased investor returns.
Price Performance: Ethereum recorded a daily increase of 21.8% on May 8, the highest since 2021, reaching $2600 before a slight correction to ~$2421. Analysts' forecasts indicate a target of $2850-3500 if the price breaks the $2600 resistance.
Trading Volume: Jumped to $15.9 billion daily, with institutional inflows of $250.1 million into Ethereum exchange-traded funds in late April 2025, reflecting renewed interest. Technical Analysis: The price is moving in a short-term sideways range with strong support at $1754-1765 and resistance at $2600. A break above $2600 could push the price towards $3000 by June.
Market Sentiment: Posts on platform X reflect significant optimism, focusing on the 20% jump in a single day and improvements in validator performance and transaction speed. However, some warn of a potential correction at $2700-2800.
Forecast: With the upward momentum continuing and increasing reliance on Ethereum, some expect a reach of $9000 by the end of 2025 based on historical patterns, but volatility remains a key factor.
