#ETHBreaks2k

1987

-1.65%

Ethereum's (ETH) current price is around $2,020.46, with a 4.54% increase in the last 24 hours.¹ The market capitalization is approximately $243.72 billion, and the 24-hour trading volume is around $20.25 billion.

*Key Statistics:*

- _Market Capitalization:_ $243.72 billion

- _24-hour Trading Volume:_ $20.25 billion

- _Circulating Supply:_ 120.62 million ETH coins

- _All-time High:_ $4,891.70 (November 16, 2021)

*Price Forecast:*

Some analysts predict a potential breakout above $2,111, with possible targets of $2,468 or $2,850.² However, others warn of a potential decline below $1,800, signalling bearish trends.

*Technical Analysis:*

The Relative Strength Index (RSI) is at 35.473, indicating an almost oversold condition. The Moving Average Convergence Divergence (MACD) is at -206.770, suggesting a bearish trend. However, some analysts see a potential V-shaped surge to an October 2025 peak.

*Recent Developments:*

The Hoodi testnet has launched to support the Pectra upgrade for Ethereum, set for March 26, with the mainnet expected in Q2 2025. Staking operators should test validators on Hoodi.

Please note that cryptocurrency markets are highly volatile, and prices can change rapidly. This analysis is for informational purposes only and should not be used as the sole basis for investment decisions.