Market Snapshot (as of May 7, 2025)

Current Price: $1,824.38 USD
24h Change: +1.2%
24h High / Low: $1,845.68 / $1,757.58
Market Cap: ~$220.3 Billion
Circulating Supply: ~120.7 Million ETH
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Technical Analysis
Trend: ETH is currently consolidating around $1,800. It’s in a tight range between $1,785 (support) and $1,850 (resistance).
Support Levels:
$1,785 (short-term)
$1,700 (stronger base)
Resistance Levels:
$1,850 (key barrier)
$1,950 (next major resistance)
Indicators:
RSI is near 50 (neutral)
Price is hovering close to the 50-day EMA, indicating indecision
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Fundamental Factors
Ethereum 2.0 Upgrades: The network is now more scalable and energy-efficient after transitioning to proof-of-stake.
Staking: A large amount of ETH is staked, reducing circulating supply and potentially supporting the price.
Institutional Interest: Ethereum remains attractive due to its role in DeFi, NFTs, and smart contracts.
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Investment Strategy
Bullish Scenario: If ETH breaks above $1,850, it could target $1,950–$2,000 next.
Bearish Scenario: If ETH falls below $1,785, it might retest $1,700 or lower.
Neutral Stance: Traders are currently cautious, awaiting a breakout from this range.