$ETH Hello! On May 9, 2025, Ethereum (ETH) experienced a significant increase in price and market activity. Here are some of the main updates:

Price:

The price of Ethereum saw a strong increase, with some sources indicating highs of over 20% in the last 24 hours.

In relation to the US dollar (ETH/USD), the price reached the range of $2,200 to $2,400.

In Brazilian reais (ETH/BRL), the price also showed a considerable increase, reaching approximately R$ 10,074.

This increase represents the largest gain in two days since the beginning of 2019.

News and Events:

One of the main factors driving this surge seems to be the optimism surrounding the Ethereum Pectra upgrade.

There has been a significant increase in institutional interest in purchasing ETH.

The trading volume of Ethereum also recorded an expressive increase.

The market capitalization of Ethereum approached $300 billion, maintaining its position as the second largest cryptocurrency.

B3 (Brazil, Stock, and Over-the-Counter) announced plans to launch Ethereum and Solana futures.

Traders who bet on the decline in Ethereum's price faced significant liquidations, the largest volume in two years.

Technical Analysis:

Technical analysts point to a strong positive momentum for Ethereum, with the Relative Strength Index (RSI) trending upwards.

Some predict that, with the overcoming of important resistance levels, the next target for ETH/USD could be $3,000.

In summary, May 9, 2025, was marked by a strong appreciation of Ethereum, driven by positive news regarding the network upgrade and an increase in buying interest.