$ETH

As of May 17, 2025, Ethereum (ETH)

🪙 Current price of Ethereum

Price in USD: ETH is around $2,483.59, recording a drop of 5.4% in the last 24 hours.

Price in EUR: In euros, the price is around €2,198.68, with a decrease of 3.67% in the same period.

Price on Binance: According to data from Binance, ETH fell below 2,500 USDT, trading at 2,494.70 USDT, with a decrease of 2.20% in 24 hours.

🔧 Pectra update and network improvements

The recent Pectra update of Ethereum has introduced significant improvements:

Doubling of blob capacity: Allows the Base network to process double the data, improving efficiency.

EIP-7702: Facilitates the upgrade of existing wallets to smart wallets without changing addresses, enhancing the user experience.

These improvements aim to boost the scalability and usability of the Ethereum network.

📈 Market outlook

Analysts suggest that Ethereum could reach $5,000 in 2025, driven by:

Adoption of artificial intelligence: The growth of AI-based applications could increase demand for the network.

Inflows to spot ETH ETFs: The approval and adoption of ETFs could attract more institutional investments.

Improvements from the Pectra update: Recent updates could strengthen Ethereum's infrastructure.

However, it is important to consider the market volatility and macroeconomic factors that could influence these projections.