$ETH *Ethereum's Bullish Surge: What's Behind the Rally?*

Ethereum's price has surged 5.4%, breaking out of its multi-month downtrend and reclaiming the $1,600 resistance level. The upcoming Pectra upgrade on May 7 is expected to enhance scalability and user experience, further boosting Ethereum's potential. With a market capitalization of $211.23 billion and a significant trading volume of $23.46 billion in 24 hours, Ethereum's momentum is undeniable. As the second-most famous blockchain network, Ethereum continues to drive innovation in decentralized finance and NFTs. Can Ethereum sustain its upward trend? The crypto community is watching closely. Current price: $1,581.28. #EthereumBullRun