Ethereum

As of May 12, 2025, Ethereum (ETH) is showing mixed market signals. The current price is around $2,490-$3,762, with a market cap of approximately $404-$451 billion, making it the second-largest cryptocurrency. Over the past 24 hours, ETH rose by 3.3%, and it’s up 35.5% in the last week, outperforming the broader crypto market's 12.5% gain. However, technical indicators suggest a neutral-to-bearish short-term outlook, with a predicted 2.32% price drop today and a potential 34.69% decline by June 10, possibly reaching $1,662. The Fear & Greed Index at 70 indicates greed, while the RSI at 85.57 signals overbought conditions, hinting at a possible correction. On-chain activity remains strong, with blob fees burning over 500 ETH last week, supporting a bullish long-term view driven by DeFi, NFTs, and institutional interest from firms like BlackRock. Key support levels are at $2,145-$3,000, with resistance at $4,093-$4,868

I believe that from a long-term perspective, building a position in Ethereum within the $1500–$1800 range is a cost-effective choice. Additionally, I genuinely hope Ethereum's price movement can become more independent from Bitcoin. As the largest ecosystem in the crypto space, Ethereum deserves to have a price trend that reflects its own value, rather than being overly influenced by Bitcoin.