🚀 Ethereum (ETH) Market Update – May 18, 2025
📌 Current Price: $2,500.35
📌 24h Change: +0.38%
📌 Market Cap: $300 Billion
📌 24h Trading Volume: $25 Billion
📌 Fear & Greed Index: 71 (Greed)
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📊 Technical Analysis:
Support Level: $2,400
Resistance Level: $2,700
RSI (Relative Strength Index): 68 (Near Overbought)
MACD: Bullish crossover observed, indicating upward momentum.
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📰 Recent Developments:
Pectra Upgrade Completed: Ethereum successfully completed its Pectra Upgrade, enhancing transaction speed and lowering costs. This major upgrade also improved wallet usability and increased the staking cap from 32 ETH to 2,048 ETH per validator.
Institutional Interest Rising: Recent analysis shows a significant increase in institutional buying, suggesting long-term confidence in Ethereum's growth.
Fusaka Upgrade Coming Soon: Ethereum’s Fusaka Upgrade is on the way, aiming to reduce Layer-2 costs with its new PeerDAS technology, potentially pushing ETH price towards $10,000.
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🎯 Trading Strategy:
Entry Point: $2,480 - $2,500
Take Profit Targets:
TP1: $2,700
TP2: $2,900
Stop Loss: $2,300
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💡 Do you think Ethereum will break $2,700 this week? Share your thoughts!
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