$$ETH
Ethereum (ETH) ⚙️, the second-largest cryptocurrency by market cap, is currently trading at $2,440.72 📉, marking a slight dip of 0.03% from yesterday. Today’s trading range has seen ETH fluctuate between $2,431.51 and $2,600.58.
Over the past week, ETH has experienced a strong rally 🚀, climbing from below $1,800 to nearly $2,600. This breakout from a long-term downtrend saw ETH smash through key resistance levels at $1,950 and $2,200, signaling bullish sentiment 📈 among investors.
However, not all news is without caution ⚠️. A major whale 🐋 recently sold 4,685 ETH at $2,457, pocketing a 66% profit in just over a month. This large sale created a spike in trading volume and pushed ETH slightly down, hinting at resistance around the $2,500 mark.
On the positive side, Ethereum continues to grow fundamentally. The network’s recent ‘Pectra’ upgrade 🔧 has improved staking by increasing the maximum stake to 2,048 ETH, enhancing security and efficiency across the board ✅.
Looking ahead 🔮, the $2,500 level remains critical. A strong hold and push above it could trigger further upward momentum. If not, ETH might consolidate for a while before making another move.
Conclusion
Ethereum is showing both strength and short-term hesitation. With ongoing development and strong community support, ETH remains a key player in the crypto world 🌍. Whether you’re holding, trading, or watching, keep an eye on the charts and the news!
