💰 Current price and performance
Current price: approximately $2,539.
Daily change: an increase of 7.81% compared to the previous close.
Highest price of the day: $2,587.64.
Lowest price of the day: $2,330.13.
---
📊 Technical analysis
General trend: Analyses indicate that Ethereum is on a strong upward trend, with recommendations to hold long positions as long as the price remains above $2,300.
Resistance levels: The next resistance is at $2,520, and if breached, the upward momentum may continue towards $2,550.
Momentum indicators: The Relative Strength Index (RSI) is above 70, which may indicate a short-term overbought condition.
---
🔮 Future predictions
Short-term predictions: If the upward momentum continues, Ethereum may test new resistance levels, with the potential to reach $2,600 - $2,700.
End of Q2 predictions: Some analysts believe that the $3,000 target may be conservative, indicating the possibility of surpassing this level amid strong institutional inflows.
---
⚠️ Influencing factors
Recent upgrade (Pectra): The Ethereum network launched the "Pectra" upgrade on May 7, 2025, aimed at improving transaction speed and efficiency through the implementation of 11 improvement proposals.
Institutional inflows: Ethereum funds have seen net inflows exceeding 3.5 million units in the past three weeks, reflecting increased interest from institutions.
Potential volatility: Despite the positive momentum, some analysts warn of the possibility of short-term price corrections, especially if the price fails to maintain key support levels.
#BTCBackto100K #TradeStories #CryptoComeback #BTCtrade