Ethereum

Here's a concise and easy-to-read overview of the Ethereum market situation as of May 3, 2025:
Price: Ethereum (ETH) is currently trading around $1,800–$2,100, down significantly from its 2025 starting price of ~$3,300, reflecting a year-to-date decline of approximately 35–44%.
Market Sentiment: The short-term outlook is bearish, with fading momentum and key support levels being tested. Long-term sentiment remains cautiously optimistic due to Ethereum’s strong fundamentals.
Key Factors:
Low Demand: Demand for Ethereum’s block space is at an all-time low, and Layer-2 solutions are reducing mainnet activity.
Upgrades: The upcoming Pectra upgrade (set for May 7) could improve efficiency and accessibility, potentially boosting adoption.
Competition: Faster, cheaper blockchains like Solana are gaining market share, pressuring Ethereum’s price.