**Ethereum ($ETH ) - UPDATE - May 6, 2025**
Ethereum (ETH) is showing renewed strength, trading near \$3,000 after rebounding from April’s correction. With the Dencun upgrade boosting scalability and Layer 2 activity rising, ETH fundamentals remain strong. On-chain data shows increased wallet activity and staking, signaling long-term holder confidence.
Technically, $ETH is forming higher lows, supported by the 50-day EMA. A breakout above \$3,200 could confirm bullish momentum.
**Entry Point:** \$2,950–\$3,050 zone — ideal for accumulation with strong support and limited downside.
**Stop-Loss:** Around \$2,750 to manage risk.
**Exit Zones:** Partial profit at \$3,400; full exit near \$3,800 if momentum holds.
Watch Bitcoin and macro news, as ETH’s movement is still tied to broader sentiment. For short-term traders, range-bound volatility offers swing opportunities, while long-term holders may see upside beyond \$4,000 in the next rally cycle.
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