Ethereum ($ETH ) ⚙️, the second largest cryptocurrency by market capitalization, is currently trading at $2,440.72 📉, marking a slight decrease of 0.03% compared to yesterday. Today's trading range has seen ETH fluctuate between $2,431.51 and $2,600.58.

In the last week, ETH has experienced a strong rebound 🚀, rising from below $1,800 to nearly $2,600. This break from a long-term bearish trend saw ETH break key resistance levels at $1,950 and $2,200, signaling bullish sentiment 📈 among investors.

However, not all news comes without caution ⚠️. A large whale 🐋 recently sold 4,685 ETH at $2,457, pocketing a 66% profit in just over a month.

This large sale created a spike in trading volume and pushed ETH slightly downward, hinting at resistance around the $2,500 mark.

On the positive side, Ethereum continues to grow fundamentally. The recent ‘Pectra’ network update 🔧 has improved staking by increasing the maximum amount of staked ETH to 2,048, enhancing overall security and efficiency ✅.

Looking ahead 🔮, the $2,500 level remains critical. Strong support and a push above this could trigger greater upward momentum. If not, ETH may consolidate for a while before making another move.

Conclusion

Ethereum is showing both strength and hesitation in the short term. With ongoing development and strong community support, ETH remains a key player in the crypto world 🌍. Whether you're holding, trading, or watching, keep an eye on the charts and the news!