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Ethereum Makes a Strong Comeback: Price Surges on May 9, 2025

On May 9, 2025, Ethereum (ETH) demonstrated a solid recovery, with its price climbing by 7.15% in 24 hours to reach $1,960.50 against USDT. This rise marks a significant bullish move in the market after a prolonged downward trend, giving ETH holders renewed optimism.

Market Snapshot:

Current Price: $1,960.50

24-Hour High: $1,977.26

24-Hour Low: $1,787.01

24-Hour Volume (ETH): 782,170.99

24-Hour Volume (USDT): 1.47B

Ethereum has rebounded impressively from a recent low of $1,385.05, indicating a potential trend reversal or at least a strong short-term rally.

Technical Overview:

MA(7): $1,841.91

MA(25): $1,743.31

MA(99): $2,112.39

Short-term moving averages are showing bullish alignment as ETH price crosses above both the 7-day and 25-day MAs, indicating buying momentum. However, the 99-day MA remains above the current price, suggesting ETH still has room to grow before reaching stronger resistance.

Trend Performance:

Today: +8.52%

7 Days: +9.99%

30 Days: +26.62%

90 Days: -27.22%

180 Days: -33.72%

1 Year: -35.68%

Despite the short-term surge, the long-term trend remains negative, highlighting the depth of the previous bearish market. Yet, the current upward movement could signal the beginning of a broader recovery phase.

Conclusion:

On May 9, 2025, Ethereum went up, posting one of its strongest daily gains in recent weeks. With encouraging price action and improving technical indicators, ETH is showing signs of strength. However, investors should keep an eye on key resistance levels and market sentiment before confirming a full trend reversal.