#ETHMarketWatch Ethereum ($ETH ) is currently trading at $2,709.28, reflecting a 4.43% increase in the last 24 hours.
🔍 Market Highlights
• Price Surge: $ETH has risen by over 50% this month, reaching levels last seen in early 2022. 
• Technical Indicators: ETHEREUM is trading above its 50-day moving average, with the Relative Strength Index (RSI) in bullish territory, suggesting continued upward momentum. 
• Key Resistance Levels:
• $2,950: Immediate hurdle; a breakout here may trigger accelerated buying.
• $3,000: Psychological resistance and likely institutional target.
• $4,800: Previous all-time high and long-term bullish objective. 
• Key Support Levels:
• $2,250: Strong technical base; a breakdown could signal short-term weakness.
• $2,000: Psychological support and long-term trendline area. 
🧠 Fundamental Factors
• Pectra Upgrade: Ethereum’s recent Pectra upgrade has enhanced transaction speed and reduced costs, bolstering investor confidence. 
• ETF Inflows: Ethereum ETFs have seen record inflows in May, indicating growing institutional interest. 
📈 Outlook
Analysts suggest that if $ETH maintains its momentum and breaks above the $2,700 resistance level, the price could target the $2,750–$2,900 range by the end of May. 
Stay tuned for more updates on Ethereum’s market performance.