Ethereum is currently trading around $1,795, with a 0.59% increase over the last day and a 2.98% increase over the past week. The cryptocurrency has formed higher lows and is showing signs of strength, potentially indicating a transition from bearish to bullish price action ¹.

*Key Stats:*

- *Current Price*: $1,790

- *Market Cap*: $218.47 billion

- *24-hour Trading Volume*: $14.55 billion

- *Circulating Supply*: 120.73 million ETH

*Technical Analysis:*

- Ethereum has completed a market structure break above the $1,500 zone, signaling potential upside.

- The cryptocurrency is consolidating within the $1,700-$1,850 range, with bulls struggling to hold the $1,800 key level.

- A break above $1,900 could unlock a path to higher targets, such as $2,800 and $4,400 ².

*Future Outlook:*

- The upcoming Pectra upgrade, scheduled for May 7, promises to improve staking efficiency and user experience, potentially increasing demand for ETH.

- Analysts predict a potential price increase, with some targets reaching $3,000 or even $12,000 in the long term