$ETH daily update is here

As of May 12, 2025, Ethereum (ETH) is trading at approximately $2,505.60 USD, experiencing a slight decline of 1.34% over the past 24 hours.

Recent Developments:

• Price Surge: ETH has recently rallied from below $2,000 to nearly $2,700, driven by increased whale accumulation and bullish market sentiment. 

• Pectra Upgrade: Ethereum completed its significant “Pectra” upgrade on May 7, 2025, enhancing transaction speed, reducing costs, and increasing the staking cap from 32 to 2,048 ETH per validator. 

• Technical Indicators: On-chain metrics show a spike in daily transactions to 1.3 million and a 28% increase in trading volume, indicating robust network activity. 

Market Outlook:

Analysts suggest that if Ethereum maintains its current momentum, it could test resistance levels around $2,600, with potential to reach $3,000 in the near term. 

For more detailed analysis and real-time updates, consider monitoring reputable financial news platforms and Ethereum’s official channels.