$ETH Ethereum (ETH) is currently trading around $1,800, showing a strong recovery after recent lows. Investor sentiment has turned positive, with long-term holders accumulating over 1.1 million ETH in the past week. Spot ETFs related to Ethereum also recorded significant inflows, highlighting growing institutional interest. On the development front, Ethereum's next major upgrade, “Pectra,” is scheduled for May 7, 2025, which is expected to introduce smart contract wallet features and enhance network performance. Overall, Ethereum’s outlook appears bullish with increased accumulation and upcoming technical advancements boosting market confidence.
