Ethereum (ETH) showed remarkable performance in May 2025, supported by the 'Pectra' upgrade that improved transaction speed and reduced costs, contributing to increased investor confidence. 
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🔹 Current price and performance
Ethereum is currently trading at $2596.3, with a rise of 0.01039% over the day.
The currency saw a rise of 43.6% between May 7 and 14, outperforming Bitcoin and Solana during the same period. 
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🔹 Technical analysis
• Key resistances: Ethereum faces resistance at $2633 and $2700 levels, with stronger resistance at $2850.
• Key support: Support ranges between $2250 and $2300, providing a potential rebound area in case of a correction.
• Relative Strength Index (RSI): The RSI shows a reading above 77, indicating an overbought condition that may lead to a short-term correction. 
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🔹 Influencing factors
• Pectra upgrade: The upgrade improved the user experience and increased scalability, enhancing the network's appeal. 
• Institutional interest: Although Ethereum ETF funds are still small compared to Bitcoin, approval for Ethereum-based ETF funds could boost institutional demand.
• AI adoption: Some analysts suggest that the use of artificial intelligence in decentralized applications may increase network activity, supporting price rises. 
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🔹 Future outlook
If the current momentum continues, Ethereum's price may reach $2750–2900 by the end of May. In the long term, forecasts range between $4392 and $5925 by the end of 2025, depending on institutional adoption and network developments. 
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🔹 Summary
Ethereum shows strong performance in May 2025, supported by technological upgrades and increased investor interest. However, investors should monitor key support and resistance levels, as well as market indicators, to make informed investment decisions.
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