$ETH

Ethereum Analysis: Strong Recovery in the Last 3 Days

In the last three days, Ethereum (ETH) has shown notable bullish behavior, recovering from a previous decline. On April 22, ETH was around $2,220, and by April 25 it was trading close to $2,767, representing an increase of more than 24%. This momentum has been fueled by renewed institutional interest and positive expectations regarding future upgrades to the network.

From a technical standpoint, Ethereum found support at key levels and has broken through some significant resistances. The fear and greed index stands at 55, indicating a moderate greed sentiment among investors. However, analysts warn that ETH could face resistance in the $2,800 and $2,900 zones.

Additionally, the crypto community is attentive to the upcoming "Pectra" update, which promises improvements in scalability and efficiency, factors that could further strengthen Ethereum's price.