💰 Current Price
The price of Ethereum is currently around $2,567.75, with daily fluctuations between $2,367.74 and $2,575.91.
📈 Technical Analysis
Overall Trend: After a strong rise in early May, the price shows signs of retracement, with strong support around the $2,250 level.
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Technical Indicators: The Relative Strength Index (RSI) shows a drop to 39.31, indicating weakness in the current upward momentum.
🔧 Recent Developments
Pectra Upgrade: The Pectra upgrade was launched in early May, improving transaction speed and reducing costs, in addition to enhancing the user experience and increasing the maximum storage from 32 ETH to 2,048 ETH per validator.
🔮 Future Outlook
Short-Term: If the positive momentum continues, the price may rise to the range of $2,750–$2,900.
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Long-Term: Some analysts predict the price could reach $5,000 if institutional adoption increases and economic conditions improve.
⚠️ Warning
The market is experiencing high volatility, and the price may retreat to lower support levels if it cannot maintain the current momentum.
