Ethereum (ETH) recent trends are influenced by multiple factors. At the beginning of 2025, after hitting a low of $1400, the ETH price rebounded to about $1800, showing short-term bottom signals. However, the overall trend is weak, with weekly charts displaying bottom divergence and oversold conditions, suggesting a potential rebound. Nevertheless, ETH continues to stay below the 20, 50, and 200-day moving averages, with resistance levels at $1700-$2600, and an RSI of about 41.39, indicating insufficient momentum. Trump's suspension of some tariffs may boost market sentiment, providing short-term support for ETH, but the escalation of the China-U.S. trade war could exacerbate economic uncertainty and suppress prices. The Pectra upgrade (May 7) will enhance network efficiency, which could be a long-term positive. It is expected that ETH will fluctuate in the short term between $1500-$2500, needing to break through $2000 to confirm a rebound. Investors should pay attention to changes in the macro economy and technical aspects.