📊 Technical Analysis
Current ETH Price: $2,631.79
Key Levels:
Resistance: $2,700–$2,820
Support: $2,500–$2,550
Indicators:
RSI: around 60, indicating a neutral zone
MACD: shows positive momentum but with signs of slowing down
Volumes: The trading volume of ETH increased by 22.56%, reaching $26.91 billion, indicating growing interest from traders
🏦 Institutional Investments
ETF investments: Ethereum ETFs attracted $84.9 million in one day, indicating strong interest from institutional investors
Major Players: BlackRock and Fidelity continue to actively invest in Ethereum, confirming confidence in the asset
🔧 Fundamental Updates
Pectra Update: The recent Ethereum network update — Pectra — increased the staking limit from 32 ETH to 2,048 ETH, enhancing the network's efficiency and flexibility
Decentralization: Despite the increased staking limit, experts believe it does not threaten the decentralization of the network
📈 Forecasts
Short-term: ETH is expected to trade in the range of $2,400–$2,900 in May 2025, with a potential rise to $3,000 upon breaking the resistance level
Long-term: Analysts predict ETH to rise to $5,950 in the long term, considering the current fundamental and technical factors
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