$ETH / USDC market Value 🍒🍒

Here's the latest Ethereum market news:

Market Updates

- *Ethereum Price*: ETH is currently trading at $2,620.90, with a 3.3% increase in the last 24 hours. The 24-hour trading volume is around $25.35 billion.

- *Market Capitalization*: Ethereum's market cap stands at $316.37 billion, ranking #2 on CoinGecko.

- *Trading Volume*: The top trading pairs for ETH include ETH/USDT on Binance, with a trading volume of $1.89 billion in the last 24 hours ¹ ².

Recent News

- *Ethereum ETF Approval*: The US SEC has approved listing and trading options on some spot ETH exchange-traded funds (ETFs), including BlackRock's iShares Ethereum Trust (ETHA).

- *Pectra Upgrade*: Ethereum developers confirmed the launch date for the Pectra upgrade mainnet on May 7, 2025, aiming to improve wallet functionality and scalability.

- *Stablecoin Market*: Ethereum's stablecoin market capitalization has risen to $124.5 billion, with institutions like Mastercard and Stripe integrating these rails ³.

Price Predictions and Analysis

- *Short-term Outlook*: Ethereum's price could hit new all-time highs if AI adoption, spot ETH ETF inflows, and the Pectra upgrade move in the right direction.

- *Resistance Levels*: Analysts predict key resistance around $3,100, with potential dips to lower levels ⁴ ⁵.

Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. For the most up-to-date information, it's best to check reliable sources like CoinGecko, Cointelegraph, or CoinDesk ⁴ ¹ ⁶.