Ethereum (ETH) is currently trading around $2,530.22, showing a modest +0.47% increase over the past 24 hours. The cryptocurrency remains in a consolidation phase, supported by steady volume and broader market stability.
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ETH Next Target
- Current Price: $2,530.22
- 24h Price Change: +0.47%
- 24h Range: $2,496.17 – $2,540.72
- Market Cap: ~$305.5 billion
- 24h Trading Volume: ~$11.3 billion
- Circulating Supply: ~120.72 million ETH
Key Technical Indicators
- RSI (Relative Strength Index): ~55 (Neutral)
- MACD: Slight bullish crossover, indicating moderate upward pressure
- Support Levels: $2,500, $2,450
- Resistance Levels: $2,600, $2,700
- Trend Overview: Ranging with a slight bullish bias—awaiting breakout above $2,600
Latest Ethereum News & Insights
- On-Chain Activity Increase: Daily active addresses and transaction volumes have surged slightly,.
- Post-Dencun Upgrade Impact: Following May’s Dencun rollout, the network is operating smoothly, with the upcoming “Pectra” upgrade expected to further boost scalability and staking appeal.
- Academic Interest: A recent study noted that 85% of on-chain fees are captured by exclusive block builders during micro-auctions.
👉 Short-Term Forecast: Neutral to slightly bullish
📉 Risk Level: Moderate – linked to global macro trends and upgrade timelines
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