Ethereum (ETH) Analysis - May 7
, 2025
Price: ~$1,776.38 (-2.4% in 24h).
Market Cap: $404.05B.
Volume: $13.84B.
Technical: Consolidating ($1,800-$2,007). $ETH Below 50-day SMA ($1,885.55), testing support at $1,780. Resistance at $1,839.80-$1,901.90. RSI 55.13 (neutral). Bearish short-term (11 bullish vs. 22 bearish signals).
Fundamentals: Pectra upgrade boosts scalability. Strong DeFi/NFT ecosystem, $48.36B TVL. Faces competition from Solana. Correlates with BTC (0.57). Macro headwinds from high rates.
Outlook:
Short-Term: $1,792-$2,074 next week; possible $1,430-$2,150 by June. Watch $1,780 support, $1,850 resistance.
Long-Term: $4,392-$10,000 by end-2025; $ETH $10,000-$20,643 by 2030.
Sentiment: Mixed; X posts cautious but optimistic if $1,780 holds.
Recommendation: Long-term bullish, short-term cautious. Monitor $1,780 and BTC. High volatility—research thoroughly.
Disclaimer: Not financial advice. Crypto is risky. Do your own research.
