#EthereumFuture

Today, Ethereum (ETH) is trading around $1780, showing a slight decline in the last 24 hours but with significant gains in the last week. The market is awaiting the launch of the Pectra update on May 7, which promises improvements in the performance and scalability of the network. Notably, there has been a large influx of ETH to long-term wallets, the largest since 2018, indicating confidence from some investors. ETH faces resistance at $1780, with support at $1725 and a major support at $1700.