#EthereumFuture
Ethereum (ETH): Is the second king gearing up for a new launch?
Despite Bitcoin's dominance in headlines, Ethereum is quietly building its ascent.
Current price: around $1773
Overall trend: Consolidating with signs of a bullish breakout.
Why is ETH noteworthy right now?
The upcoming upgrade (Pectra) is expected to be released in Q3 2025, which will enhance efficiency and privacy.
TVL (Total Value Locked) in DeFi projects on the Ethereum network increased by 18% during April.
Institutional demand for Ethereum is rising following ETF approvals for ETH in Hong Kong.
Quick technical analysis:
RSI on the daily frame is around 53 – neither overbought nor oversold, allowing room for upward movement.
A bullish flag pattern is forming on the daily frame.
Resistance: $2200 – breaking it opens the door to $2800.
My opinion as an analyst:
Ethereum is building a solid base for an upcoming movement. Those monitoring the smart arena will know that ETH often moves strongly after consolidation.
In the end, this is a personal opinion and not investment advice.