ETH/USD Rate Rises by Over 40% Since the Start of May - Action Forex

ETH/USD Rate Rises by Over 40% Since the Start of May - Action Forex

On 7 May, a major upgrade to the Ethereum network — known as Pectra — was successfully implemented. It significantly enhanced the network’s scalability and efficiency, while also improving conditions for ETH stakers. This triggered a surge in demand for Ethereum, and the ETH/USD rate rose confidently from the $1,800 area to current levels around […] The post ETH/USD Rate Rises by Over 40% Since the Start of May appeared first on Action Forex.

ETH/USD Rate Rises by Over 40% Since the Start of May

On 7 May, a major upgrade to the Ethereum network — known as Pectra — was successfully implemented. It significantly enhanced the network’s scalability and efficiency, while also improving conditions for ETH stakers.This triggered a surge in demand for Ethereum, and the ETH/USD rate rose confidently from the $1,800 area to current levels around $2,600.Can the Ethereum price continue to rise?Technical Analysis of the ETH/USD ChartThe bearish tren…

Ethereum Price Holding Strong — Signs Point to a New Upside Breakout

Ethereum price corrected gains and tested the $2,500 zone. ETH is now again rising and might soon aim for a move above the $2,600 zone. Ethereum started a correction from the $2,740 zone and tested $2,500. The price is trading above $2,520 and the 100-hourly Simple Moving Average. There is a key declining channel or... The post Ethereum Price Holding Strong — Signs Point to a New Upside Breakout appeared first on Daily Truth Report • DailyTruthR…

Ethereum Holds Strong Above Key Support as Bullish Momentum Builds

Ethereum (ETH) continues to lead the crypto market with a strong bullish trend, outperforming major assets like Bitcoin and XRP, which show signs of fatigue. ETH recently broke above the 200-day exponential moving average (EMA) on the daily charta key technical milestone signaling a potential long-term trend reversal. This breakout has reinforced investor confidence and sparked renewed interest in Ethereum as it pushes toward higher resistance l…