cxiaobingliu24
@cxiaobingliu24
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As of May 13, 2025, the Ethereum market is showing mixed signals. The price of Ethereum (ETH) is around $2,400-$2,500, down slightly by about 2-8% in the last 24 hours, with a market cap of roughly $295-$400 billion. Despite a recent 35.7% surge over the past week, driven by the Pectra upgrade and increased network activity, today’s sentiment leans neutral to bearish. Technical indicators suggest short-term bullish trends on hourly charts, but daily and weekly charts show potential resistance and volatility, with predictions ranging from $1,600 to $2,560 in the near term. Institutional interest and DeFi adoption remain strong, but high gas fees and competition from other blockchains like Solana are concerns. Posts on X reflect optimism about long positions and trading volume but caution about potential 0 reply
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