$ETH

Breaking News & Market Analysis

Current Price:$1,596.08 (up 1.21% in the last 24 hours)

Market Cap:$192.75 billion (ranking #2 on CoinMarketCap)

Key Updates:

Pectra Upgrade:Scheduled for May 7, 2025, this upgrade will boost layer-2 blob capacity, lower fees, and ease congestion on the Ethereum network.

SEC Approval:The Securities and Exchange Commission has approved options trading for spot Ethereum ETFs, likely to boost liquidity and attract institutional investors.

Market Sentiment: Currently bearish due to ongoing trade tensions between the US and China, resulting in weak demand and challenges for bulls to gain upward momentum ¹.

Technical Analysis:

Support Level: $1,576.26

Resistance Level: $1,647

RSI: Showing an upward trend, indicating increasing momentum

MACD:Showing a bullish crossover, supporting potential upward movement

What's Next?

Will the upcoming Pectra upgrade and SEC approval boost Ethereum's price, or will market sentiment remain bearish? Share your thoughts!