After the recent "Pectra" upgrade, Ethereum is experiencing a strong rebound and is outperforming Bitcoin for the first time in months.
📈 Are we on the verge of a new bullish wave?
🔍 Latest updates:
Upgrade "Pectra": The largest update since "The Merge" in 2022, which improved transaction speeds and reduced costs, while increasing the storage limit from 32 to 2048 ETH per validator. Wikipedia+1MarketWatch+1
Stunning performance: Ethereum rose by 45% in May, surpassing the performance of Bitcoin and Solana. MarketWatch+1Zebpay+1
Increased institutional interest: A rise in futures and derivatives, indicating increased confidence from large investors.
📊 Technical Analysis:
Key resistances: $2,700 and $2,850. A breakout of these levels could drive the price towards $3,000. CoinDCX
Relative Strength Index (RSI): At 77, indicating an overbought condition, but history shows that Ethereum can continue to rise even with a high RSI.
Strong support: Between $2,250 and $2,300, providing a good area for a rebound in case of a correction. CoinDCX
💡 Investment Advice:
With technical improvements and increased institutional interest, Ethereum may be at the beginning of a new bullish wave. However, it is advisable to monitor resistance and support levels and to use appropriate risk management strategies.
📌 Are you considering investing?
Ethereum shows strong signs of recovery, and it could be a good opportunity for investors looking to enter the market before a potential price explosion.
