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As of May 4, 2025, the Ethereum (ETH) market shows mixed signals. The current price is around $1,834, down significantly from its 2025 starting point of ~$3,300, reflecting a year-to-date decline of about 44%. Despite a bearish trend with lower highs and lows, technical indicators suggest some bullish potential. The Fear and Greed Index is at 62 (Greed), indicating cautious optimism. Over the past 30 days, ETH had 16 green days with 6.43% volatility.
Short-term forecasts predict a possible rise to $1,925 by May 5, but resistance at $2,000-$2,500 may cap gains. Upcoming upgrades like Pectra (May 7) and growing Layer-2 adoption could drive long-term growth, with some analysts projecting $5,000-$7,000 by year-end if momentum builds. However, low block space demand and competition from faster blockchains like Solana pose risks.
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Price: ~$1,834, down 0.31% daily.
Sentiment: Greed (Index: 62), but bearish pressure persists. 0 reply
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