Ethereum

Here's a concise and easy-to-read overview of the Ethereum market situation as of May 2, 2025:
Current Price: Ethereum (ETH) is trading around $1,841.13, down approximately 8.18% in the past 24 hours.
Market Sentiment: Mixed signals—short-term bearish pressure with a Fear & Greed Index at 56 (Greed), indicating cautious optimism. Technical indicators show a bearish trend on daily charts but bullish signals on shorter (4-hour) timeframes.
Key Developments: The upcoming Pectra upgrade (May 7) aims to improve scalability and efficiency, potentially boosting long-term confidence. However, low demand for block space and competition from Layer-2 solutions and rivals like Solana are concerns.
Price Outlook: Analysts predict ETH could range between $1,500-$2,500 in the near term, with potential to hit $5,000-$7,000 by year-end if bullish catalysts like ETF inflows and institutional adoption strengthen.