Ethereum

Here's a concise and easy-to-read overview of the Ethereum market situation today, May 5, 2025, in English:
Ethereum Market Situation (May 5, 2025)
Current Price: Approximately $3,323.11 USD per ETH.
24-Hour Change: Slightly down by -0.04%, with a trading volume of $31.27 billion USD.
Market Cap: Around $400.37 billion USD, maintaining Ethereum's position as the second-largest cryptocurrency.
Market Sentiment:
Mixed Signals: Short-term bearish pressure persists with ETH struggling to break key resistance levels (e.g., $3,700). However, long-term outlook remains bullish due to strong fundamentals.
Fear & Greed Index: At 24, indicating market fear, which may suggest cautious investor behavior.
Key Developments:
Pectra Upgrade: Scheduled for May 7, 2025, expected to enhance scalability and efficiency, potentially boosting investor confidence.
Institutional Interest: BlackRock’s Ethereum ETF holds $3.5 billion in ETH, reflecting growing institutional adoption.