Ethereum $ETH : Ready for a breakthrough after the Pectra update?

Current price: $2,371.46

24-hour change: +20%

Daily range: $1,927.87 - $2,371.46

Key levels:

• Support: $2,000 - $2,150

• Resistance: $2,500 - $2,600

Growth factors:

Pectra update: Successful implementation on May 7 improved scalability and staking efficiency, increasing investor confidence

• Macroeconomic events: The signing of a trade agreement between the US and the UK has reduced global trade risks, contributing to the rise in cryptocurrency prices.

• Institutional interest: Total value locked (TVL) in Ethereum increased by 41% over the month, reaching $52.8 billion, indicating growing interest from institutional investors.

Potential scenarios:

• Bullish: Breaking through the $2,500 level may pave the way to $3,000

• Bearish: Failure to hold above $2,200 may lead to a pullback to $2,000

Conclusion:

Ethereum shows a strong bullish momentum, supported by both technical and fundamental factors. However, investors should be attentive to key support and resistance levels, as well as the overall market sentiment.