ETH Shows Big Bullish Sign After Reclaiming $2,700: Report
3 Articles
3 Articles
Ethereum Nears $2,700: Bullish Breakout Awaits
Ethereum’s recent surge to $2,734 has reignited bullish sentiment across the crypto market, positioning it as a key asset to watch. Since early May, ETH has gained over 55%, reclaiming crucial technical levels and signaling strength. This upward momentum is particularly noteworthy as Bitcoin continues to hold firmly above its all-time highs, setting the stage for a potential altcoin rally. Source
Ethereum’s May 7 Pectra Upgrade Spurs 50% Surge to $2,700, Surpassing $1,900 Realized Price and $2,400 Market Mean
Ethereum's Pectra upgrade went live on May 7, marking the most important update since The Merge. The upgrade introduced smart account wallet features to improve user experience, doubled the capacity for Ethereum Layer 2 solutions, and enhanced overall performance. Following the upgrade, Ethereum's price surged by 50%, rising from $1,800 to $2,700, with the largest daily gain since May 2021 at 21.8%. This rally has brought the average Ethereum ho…
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