Market snapshot (as of May 7, 2025 019283746656574839201
Current price: $1,824.38 USD
24-hour change: +1.2%
24-hour high / low: $1,845.68 / $1,757.58
Market cap: ~220.3 billion USD
Circulating supply: ~120.7 million ETH
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Technical analysis
Trend: Ethereum (ETH) is currently consolidating around $1,800. It is in a tight range between $1,785 )Support( and $1,850 )Resistance(.
Support levels:
$1,785 )Short-term(
$1,700 )Stronger support(
Resistance levels:
$1,850 )Key barrier(
$1,950 )Next major resistance(
Indicators:
RSI close to 50 )Neutral(
Price hovers near the 50-day exponential moving average, indicating uncertainty
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Fundamentals
Ethereum 2.0 upgrades: The network is now more scalable and energy-efficient after the transition to proof of stake.
Staking: A large amount of ETH has been staked, reducing circulating supply and may support the price.
Institutional interest: Ethereum remains attractive due to its role in decentralized finance, non-fungible tokens, and smart contracts.
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Investment strategy
Bullish scenario: If ETH surpasses $1,850, it may target $1,950–2,000 thereafter.
Bearish scenario: If ETH price drops below $1,785, it may retest $1,700 or lower.
Neutral stance: Traders are cautious currently, waiting for a breakout from this range.
