Ethereum (#ETH ), the second-biggest cryptocurrency by market value, is currently trading at $2,440.72 📉. That’s a small drop of 0.03% compared to yesterday. Today, its price has moved between $2,431.51 and $2,600.58.
Over the past week, #ETH has had a strong rally 🚀, jumping from under $1,800 to almost $2,600. This move broke a long-term downtrend and helped #ETH pass key resistance levels at $1,950 and $2,200, showing growing confidence among investors 📈.
But there’s also a bit of caution ⚠️. A big investor (known as a whale) recently sold 4,685 ETH at $2,457, earning a 66% profit in just over a month. This large sale caused a spike in trading activity and pushed ETH’s price slightly down, showing some resistance near $2,500.
On the bright side, Ethereum’s development continues to improve. The recent 'Pectra' upgrade 🔧 increased the maximum staking limit to 2,048 #ETH , making the network more secure and efficient ✅.
Looking ahead 🔮
The $2,500 level is still very important. If #ETH can stay above it and move higher, it could lead to more gains. If not, the price might stay flat for a while before making another big move.
Conclusion
Ethereum is showing both strength and a bit of hesitation in the short term. With continued upgrades and strong community support, it remains a major force in the crypto world 🌍. Whether you're investing, trading, or just observing, keep an eye on the market and stay informed!
