#etherium

As of May 23, 2025, Ethereum ($ETH ) is trading at approximately 2,546, experiencing a slight decline of 4.082,721 and a low of 2,539.

Despite this minor pullback, Ethereum has recently demonstrated bullish momentum. Analysts attribute this to the successful implementation of the Pectra upgrade, which introduced enhancements such as increased staking limits and improved wallet functionalities. These developments have bolstered investor confidence in Ethereum's scalability and long-term prospects. [1]

Technical indicators suggest that Ethereum is forming an ascending triangle pattern, a bullish signal that could lead to a breakout above the1,850 resistance level. If this occurs, price targets range between 1,950 and2,129 in the near term. However, failure to maintain support around 1,750 could result in a short-term correction. [2]

Looking ahead, market sentiment remains optimistic, with projections estimating Ethereum's price could reach between4,800 and $6,000 by the end of 2025. This outlook is supported by Ethereum's central role in decentralized finance (DeFi) and the anticipated benefits of ongoing network upgrades. [2]